Weekly Investment Perspective November 21, 2023
November 21, 2023
Stocks were up for the third week in a row. The main excitement for last week was the CPI numbers that came out on Tuesday, which we spoke about in our last Private Wealth Perspectives. In addition to the consumer inflation report, the October PPI and retail sales reports bolstered market expectations that inflation will continue to decelerate ahead without the need for additional rate hikes from the Fed.