The often-referenced Santa rally may not officially kick off until December 16th (the eleventh trading day of the month), but with a benign CPI reading out the way there was little to stand in the way of US equities today, and arguably into year end. The inflation reading was exactly what investors were looking for: inline across every metric, though average hourly and weekly earnings came in a bit light. We have a bit more to look forward to on the inflation front with PPI tomorrow, but a majo…
The content on this site is available to all Redburn clients as part of Redburn Execution’s standard service. It is not considered substantive research and there are no commercial implications to viewing these pages.
Please enter your email address below to view this page. If you are still unable to access the page, please speak to your account manager.