November 19th, 2021 A strong consumer spending report and optimism for the holiday shopping season helped markets shake off last week’s jitters over rising prices. Contrary to economists’ consensus that inflationary pressures would hurt spending, consumers are instead leaning into it with October retail sales up 1.70%. Results from frontline companies corroborate the report with…
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November 12th, 2021 Markets tripped slightly this week as rising prices stoked fears that inflation could soon weigh on economic growth in 2022. The Labor Department reported that consumer prices jumped 6.20% in October, a 31-year high for the CPI Index. To make matters worse, the Labor Department also reported the highest number of job openings…
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November 5th, 2021 Market bulls celebrated another milestone this week, breaking the 36,000 level for the first time ever. The level first grabbed headlines when the aptly titled “Dow 36,000” hit bookstores in October 1999 during the height of the dot.com boom. In the book, the authors argued the index was undervalued and was poised…
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