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Stocks declined on Friday as the Trump trade hangover kicked in, made more painful from Powell’s prior day comments. Retail Sales for October came in with another beat, but closer inspection reveals that it was Auto sales that drove the bigger-than-expected monthly increase; in either case,...

Stocks traded lower yesterday as Jerome Powell reminded traders that he has nothing to do with the prevailing, effervescent Trump trade. Producer prices ticked up last month leaving everyone wondering if it is a sign of a future pickup in consumer inflation. 🚨

Stocks had a mixed close yesterday as still-exhausted bulls felt a burst of energy from an on-target inflation read. CPI didn’t blow up, which was positive news, but it is still hovering above the ground.

Stocks pulled back yesterday as exhausted investors looked more closely at THE NUMBERS that carried them there. Bond yields resumed their climb as bets for December rate cut weakened and longer-maturity yields gained in response to fresh inflation jitters.

Stocks gained for another session on strong tailwinds from Trumps election triumph. Traders are happy for the profits, but none can deny the emerging feelings that some recent high-gainers are starting to have a meme-y kind-of feel to them.

Stocks rallied on Friday as exuberance for what could be spilled over from Tuesday night’s election results. Respondents to University of Michigan’s Consumer Sentiment survey also had high hopes for the future, pushing the composite index higher and far beyond economists’ estimates.