Stocks Slip Last Week11/21/2022


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November 21, 2022

Trimming November Gains

U.S. stocks retreated modestly last week, trimming solid month-to-date (MTD) gains spurred by lighter than expected inflation data that had ignited hopes the Federal Reserve may temper its aggressive monetary tightening posture. Those hopes faded after retail sales came in a bit higher than projected and hawkish comments from a pair of regional Fed Bank presidents.

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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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