How Long Can This Rally Last?
All three major U.S. equity indexes were up about 1% heading into Tuesday’s close, rallying on light volume as investors look forward to a long holiday weekend with hope the Federal Reserve will soon ease off the monetary tightening. That’s even with sentiment indicators like the Bank of America Fund Manager Survey showing a base-case expectation for “stagflation.” Maggie Lake welcomes Daily Dirtnap editor Jared Dillian to the Daily Briefing to talk about what key markets are telling us heading into the end of the year and how the Fed is likely to handle recent softer inflation data. And Andy Constan, the CEO of Damped Spring, explains the two ways central bankers can really kill inflation. Watch the full conversation between Andy Constan and Andreas Steno Larsen here: https://rvtv.io/3TXQsEA. We want to hear from you too – please share your questions, comments, and suggestions! Editor’s Note: Our live chat feature will be unavailable for four to six weeks as we upgrade our video player technology. We apologize for the temporary loss of function. But we assure you the upgrade will more than justify the wait. In the meantime, we will be monitoring the comments section. So, in addition to conversing with your fellow community members, please share your questions there.