Happy Tuesday, here are some big headlines for the day. Firstly, the CPI report came out today
which caused a surge in stocks this morning after investors were pleased with slowing price
increases. Everything from energy to airfare prices increased, slowed or even reversed entirely.
The Federal Reserve is still committed to reducing inflation by raising rates, however, investors
are hoping for a 50 point basis point increase during the next Fed meeting. Over the coming
months, analysts will be keeping a close eye on inflation related reports to see if the Fed will
further decrease their rate hikes in 2023. Technology and consumer discretionary will
particularly benefit from slowing rate hikes. Crude oil production also fell in November leading to
an increase in oil prices. Energy stocks including Haliburton, SLB, and others increased as well.
Overall, the situation with the market remains fluid and investors should be cautious to jump in
before there is a firmer picture regarding inflationary pressures.