Stocks Surge as Consumer Price Gains Slow11/14/2022

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November 14, 2022

Best Week Since June

U.S. stocks surged last week, more than fully rebounding from prior week losses after the October consumer price index (CPI) came in softer-than[1]expected. The annualized CPI increase came down to 7.7% Y/Y from 8.2% in September. The easing in inflation growth ignited a massive rally in equities, particularly growth stocks, and stirred a pullback on the expected terminal (peak) rate of the Federal Reserve back below 5%..

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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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