Market Summary 11/8/2023
Today, all eyes were on the pre-market CPI report. It posted expected results, with a headline YoY figure of 3.2% and a Core reading of 4.7%. Although the data suggests a favorable trend, the market's response was less than ideal. The QQQ initially surged, only to reverse by nearly 2% later, salvaging a positive close due to a late rally. Compounding concerns, today's performance coincided with another day of net lows, while several leading st...