The View from 5th Avenue

The View from 5th Avenue – 12 November 2024

With the S&P 500 having gained 5 sessions in row, it was due for a breather, especially with a fresh CPI print coming tomorrow morning. The index remains 3.4% above last Tuesday’s close (pre-election outcome) as traders adjust for a newish incoming administration. As investors are looking to the future for market themes, they must keep an eye in the short term on economic data, especially inflation. Today’s NY Fed inflation survey showed expectation had moved lower m/m to 2.87% (from 3% in Sept…

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