The View from 5th Avenue

The View from 5th Avenue – 13 November 2024

There has been little in the way of this latest market move higher, a brief pitstop yesterday notwithstanding. Election clarity behind us and the usual stock ebullience at this time of year providing a genuine tailwind. With the odds still in favor of Powell dressing up as Santa and delivering another rate cut next month, one of the few impediments holding the whole bull market narrative back was an inflation surprise to the upside. CPI data has entered the chat. And while CPI was up slightly Y…

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