October CPI was Better than Estimate
Inflation numbers do better than election numbers for the stock market.
October CPI was at 7.7%, better than estimate at 8.2%. This sent Dow Jones rally 1,200 points, S&P 500 jumps 5% in biggest rally in two years.
The real danger will be with the continuous rise in interest rates and yet the dollar starts weakening, just like the pound. Not happening now, I am keeping watch on this closely. However, it is not all bad news, we can invest differently…
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Modify on 2022-11-14 01:36
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aĺ the sensitive things that affect the market is going to be there all the time.
i often doubt what is the real value of the stock when bearish domination pull them down beyond my expectation.