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Last week's data went against consensus
Episode 18
Published 2 years, 5 months ago
Description
Stephen Fitzsimmons discusses how the market was caught flat-footed by last week’s CPI data that was below expectations and markets rallied as a result.
- Inflation data was announced as having been below expectations across the board.
- Meanwhile, retail sales showed material signs of cooling.
- Interest rates and stocks rallied hard.
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There are significant reasons why we believe
bullishness in fixed income is still warranted.