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Inflation cooled in October: Is it worth a market rally?
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October CPI data came in flat on Nov. 14, showing overall inflation did not change from September. Excluding food and gas, prices grew just Show More
October CPI data came in flat on Nov. 14, showing overall inflation did not change from September. Excluding food and gas, prices grew just 0.2%. The market cheered the inflation slowdown, and each index jumped. The S&P 500 added 2% briefly, and even the sinking Russell 2000 rose. However, inflation remains far above the Fed's long-term target of 2 percent, indicating that interest rates could stay high for months.

Nov 15 - U.S. stock index futures extend gains and were last up 1.24%, pointing to a strong open on Wall Street BONDS: U.S. Treasury yields fell, with 2-year note last at 4.872%. $Tesla (TSLA.US)$$NVIDIA (NVDA.US)$$Amazon (AMZN.US)$ and the other popular stocks showed strong performance. Investors are waiting for the market to open and keep rising.

🎙️Q:
1. Is a 0.1% drop in inflation over a month a sign the Fed's rate hikes are working?
2. With tech stocks and others showing strong performance, what is your investment strategy?

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