November CPI (+2.7% YoY) and Core CPI (+2.6% YoY) were both much lower than expected (CPI +3.1% and Core +3.0% expected), which combined with strong $Micron Tech(MU.US) (+14% pre-mkt) revenue guidance last night should propel equities much higher today. Questions will arise about what adjustments were made for absence of Oct data to get to the Nov results. Nov Core CPI of 2.6% YoY was the slowest since March 2021.
Pre-market:SPX +0.8%NDX +1.4%10yrTY 4.11% -4.1bpThe copyright of this article belongs to the original author/organization.
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