Better-than-expected CPI obviously gave a massive lift to stocks, notes Liz Ann Sonders. She discusses how the Dow Jones and Russell 2000 are on 4-day win streaks. She talks about how bond yields are still in driver seat for equities with near-perfect inverse correlation between 10y yield and S&P equal-weight index since end of July. She looks at the CPI year-over-year less food and energy and Fed funds target rate, as well as the percentage of index members above the 50-day moving average. She then goes over “immaculate” disinflation versus economy-driven disinflation. Tune in to find out more about the stock market today.
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16 Nov 2023
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