this post was submitted on 17 Nov 2023
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Example of an offtopic discussion: The role of CPI / Fed rates. Anyway, the CPI turned out to be 0% MoM for October, a very good result suggesting the end of inflation. And so the stock market went up in general.
Not that I have a real crystal ball or anything, but there's a lot to unpack here. 0% MoM is certainly lower than I was expecting, and dangerously low. One month isn't so bad I guess, but multiple months of low-growth and/or even negative-growth is considered a recessionary sign. I think its important to be thinking of the general macroenconomic trends at the moment, Fed-rate policies and CPI and PCE are all important indicators to think about.