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On the SPOT™ blog (11/10/2023) [L..]

University of Michigan's consumer sentiment index for November showed a drop that was more than estimated as expectations about inflation rose among consumers. Yesterday's comments from Federal Reserver Chairman didn't provide any fuel to speculators about loosening of fiscal policy and I think it wasn't materially different than the gist of what he has conveyed. Treasury yields dropped and oil prices rose slightly this morning (PST) while all three major US indices are in solid green.

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