Postcards: "Undependable" Collateral and the Cost of Living Crisis

CPI freezes momentum... while Eurobond markets facing new pressures.

Oct 12, 2023

∙ Paid

We’re back in yellow territory on the S&P 500 due to a morning selloff linked to a higher-than-expected CPI. But we still have favorable conditions in communications and energy stocks.

Sadly, the Momentum Alligator has tipped off his surfboard for now.

[A TERRIBLE bond auction and reported military strikes in Syria have taken this market in the opposite direction.]

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