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Was Inflation Transitory After All?
CPI just gave the go-ahead for risk-on assets to continue the rally.
GRIT
14 Oct
The resurgence of tech continued last week as a cooler-than-expected CPI sent risk assets for another run.
Was inflation transitory after all? 📊
CPI was released on Wednesday, and the crowd went wild! The QQQs added another 1.3%, continuing its gangbuster performance, up over 42% YTD. Investors piled in after the soft print, hoping the Fed would be letting up.
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