Peak Inflation? • Stocks Roar • Yields & Dollar Plunge

November 10, 2022 | Hoya Capital

Peak Inflation? • Stocks Roar • Yields & Dollar Plunge Real Estate Daily Recap Nov 10 Written By U.S. equity markets soared Thursday- posting their best gains since the April 2020 pandemic turmoil- after cooler-than-expected CPI inflation data sparked hopes of a Fed "pivot" towards less aggressive tightening. Rebounding from a post-Election Day sell-off, the S&P 500 soared by 5.5% today while the tech-heavy Nasdaq 100 rallied more than 7%.

Bitcoin stabilized following an early-week plunge. Real estate equities- the sector with perhaps the most potential upside from a Fed pivot - posted one of the strongest sessions on record. Equity REITs soared 7.3% while Homebuilders soared over 10%. The 10-Year Treasury Yield plunged 32 basis points to 3.83% today - down sharply from its highest late last month of 4.30% - while the U.S. Dollar Index posted one of its worst days on record, diving more than 2%.

Sparking the rally across equity and bond markets, the Consumer Price Index showed a cooler-than-expected increase in prices in October with the Headline and Core CPI coming in well below expectations, indicating that inflationary pressures may finally be rolling over amid a broader global economic slowdown. Income Builder Daily Recap U.S. equity markets soared Thursday - posting their best gains since the April 2020 pandemic turmoil - after cooler-than-expected CPI inflation data sparked hopes of a Fed "pivot" towards less aggressive tightening.

Rebounding from a post-Election Day sell-off, the S&P 500 soared by 5.5% today while the tech-heavy Nasdaq 100 rallied more than 7%. Real estate equities - the sector with perhaps the most upside from a potential Fed pivot - also posted their best day since the peak of the pandemic in early 2020 with the Equity REIT Index soaring 7.3% today with all 18 property sectors in positive territory while the Mortgage REIT Index advanced 6.5%.

Homebuilders soared over 10%, lifting the Hoya Capital Housing Index to its best ...