October 11-15, 2021 Recap
Earnings Season Starts Strong
U.S. stocks posted accelerated gains last week as investors set aside inflation fears and welcomed strong earnings data that helped to reinforce continued economic growth. Headline consumer inflation may likely remain elevated through the first quarter of next year, averaging over 5.5% before easing to under 3% by this time next year. The S&P 500 registered it best week since July.
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The Weekly Recap is published by Cetera Investment Management LLC, an SEC registered adviser owned by Cetera Financial Group. Cetera Investment Management provides market perspectives, portfolio guidance, model management, and other investment advice to its affiliated broker-dealers, dually registered broker-dealers and registered investment advisers.
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