Nov 14, 2023 2 min read

Another Happy Day For Bond & Stock Investors

Another Happy Day For Bond & Stock Investors
Photo by Madison Oren / Unsplash

As inflation continues to descend, bond and stock prices are ascending. Today's lower-than-expected CPI inflation report confirms that inflation is continuing to moderate. So the 10-year Treasury bond yield fell to 4.44%, boosting the valuation multiples of stocks. The S&P 500 is now up 9.2% above its recent correction low on October 27 (chart). Our yearend target of 4600 for the index could be achieved in a matter of days, though the market may find some resistance at the downtrend line around 4550.

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