🔒 November’s unconventional market rally sparks 2024 optimism – Mohamed A. El-Erian
In a November investors won’t soon forget, risky assets like stocks and high-yield bonds soared, defying traditional correlations.
In a November investors won’t soon forget, risky assets like stocks and high-yield bonds soared, defying traditional correlations.
US inflation fell more than expected to 3.2 per cent in October, the first decline in four months, prompting Treasury yields to fall sharply and Wall Street stocks to climb.
The US market, which sets the global trend, has certainly delivered. It did so again last night.
It’s downright cruel as those making the destructive laws refuse to share in their impact.
If the index completes a round trip by September, it will make a full recovery twice as fast as the average of the previous 12 cycles.