Monster Surprise.
Q3 came to an end last week with the S&P 500 pulling off its best first three quarters in any year since 1997. It also completed its fourth straight quarterly gain, the longest such stretch since 2021.
It marked the beginning of a crucial and potentially volatile five week period in the lead-up to a knife-edge election and the next Fed meeting right afterwards during which time we will get to see multiple new economic data points including two Jobs Reports and one set of CPI/PPI inflation figures which could indicate whether Wall Street’s recent happy-clappy assumptions are correct (at which…
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