On the SPOT™ blog (11/08/2023) [C..]
- Salyl Bhagwat
- Nov 8, 2023
- 3 min read
Markets appear to be looking for a catalyst as all three major US indices are near the flat line but slightly in red this morning (PST). Treasury yields and oil prices stayed low. US wholesale inventories rose more than estimated in September and Federal Reserve officials maintained their cautious comments about strong economy and controlling inflation. It remains to be seen if any news or Feds' comments will sustain the early November rally.