The View from 5th Avenue

The View from 5th Avenue – 13 September 2023

Major indices were able to finish higher into the close, after the sessions’ biggest catalyst (the CPI) did little to shift the larger narrative. The CPI print saw an (expected) uptick on the headline number, driven by rising energy prices as well as shelter, while the core number fell to bang inline vs cons on a YoY basis. Commentators knew higher energy costs would be a factor, so little surprise there. Either way, bulls continue to highlight progress on core and continue to expect shelter/ho…

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