Connect with us

News

Cramer: Here’s what we think Club members should do in Thursday’s powerful rally

Published

on

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, November 10, 2022.

Brendan McDermid | Reuters

The broader markets surged Thursday after October’s consumer price index showed that the rate of inflation may finally be slowing.

  • In response to the CPI print, U.S. Treasury yields plunged in anticipation and hope that the Federal Reserve will no longer need to be as aggressive with its interest rate hiking policy.
  • When rates fall, equity valuations tend to raise, with longer duration stocks — ones with a promise of earnings in the future but limited earnings power in the near-term — tend to rally the most.

Source: CNBC

Advertisement

Follow us on Google News to get the latest Updates

Advertisement
Advertisement

Trending