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Keep Your Nerve

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Keep Your Nerve

Thursday's CPI number and market price action say a Fed pivot is on its way. But does it really even matter at this point?

Quoth the Raven
Nov 11, 2022
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Share this post

Keep Your Nerve

quoththeraven.substack.com

It’s hard to say that the market did anything but rejoice on Thursday after a lower than expected CPI number was reported. Major indices screamed higher on the assumption that a cooling inflation number (still 7.7%, I’ll pause for laughter) would prompt easing from the Federal Reserve and more of a risk appetite from investors. The market was/is hell-bent on rallying on this news, but is it really time for another stock market bliss trip?

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