In the past few weeks, the bond #market has been doing its best John Maynard Keynes impression, quoting, “When the facts change, I change my mind.” One fact that changed was the October CPI report. Though just a slight beat to expectations, the report showed continued progress that pandemic #inflation is moderating, including even the stickiest components like owners-equivalent rent. Yields fell sharply in response to the cooler inflation print, with further downward pressure coming from some slightly cooler economic data. Read this week's #WeeklyEdge by Ben Emons, MBA, MsF here: https://lnkd.in/e5FG2ErP #NewEdgeWealth
