Markets decisively reversed course from mid-October woes this week, as the latest CPI reading, which came in slightly below consensus expectations, ignited a short squeeze that sent stock indices back near YTD highs while dampening bond yields on the expectation that macro data now support an end to Fed rate hikes.
Ten31 Timestamp 817,329
Ten31 Timestamp 817,329
Ten31 Timestamp 817,329
Markets decisively reversed course from mid-October woes this week, as the latest CPI reading, which came in slightly below consensus expectations, ignited a short squeeze that sent stock indices back near YTD highs while dampening bond yields on the expectation that macro data now support an end to Fed rate hikes.