The major U.S. market indexes significantly recovered from the previous week’s losses, largely due to a Thursday rise that was the biggest one-day gain since spring 2020.The most recent monthly Consumer Price Index report provided some comfort, despite the fact that U.S. inflation is still close to its highest level since the early 1980s. In October, inflation increased at an annualized rate of 7.7% (down from 8.2% in September) and at a monthly pace of 0.4%. Both numbers fell short of what the majority of economists had anticipated. A gauge of investors’ expectations for short-term U.S. stock market volatility declined for the fourth consecutive week. The CBOE Volatility Index decreased by more than 8% for the most recent week; as of Friday, it has decreased by 33% from its most recent high on October 12.
The S&P 500 ended the week with +5.61%, but is still in the red on a YTD basis with -16.43%. ONE-SIGNAL XPERT users are up 70.89% and ONE SIGNAL XPRESS subscribers 38.53%.