The stock market is on a fire...
We have had three straight positive weeks! This is the first for the S&P and the Dow since July and the first for the Nasdaq since June.
Here is how we did for the week of November 13th: The market close is positive for the third week in a row.
The Dow is up 2.13% for the week
The S&P 500 is up 2.65% for the week
The Nasdaq is up 2.90% for the week
Let’s take a look at where we are year to date:
The Dow is up 5.47%
The S&P 500 is up 18.04%
The Nasdaq is up 35.99%
The most significant catalyst for the market is CPI (Consumer Price Index). CPI is used to measure inflation. I break all of this down in the latest episode of Investies Podcast. Ultimately, the market is pleased with the idea that we will no longer raise interest rates. You can find out why that matters here.
Join me every Thursday on Investies Podcast, or find me Monday - Friday breaking down the stock market on Patreon with Morning Bread.