Weekly Market Recap – November 28, 2022

Chart of the Week November 28 Social Security COLA

Headlines have been dominated by the better-than-expected October CPI report, but this improvement in inflation will likely be overshadowed by a deteriorating growth outlook in the coming months. Looking at the basic building blocks of gross domestic product (GDP), we see weakness across a variety of sectors, with homebuilding set to slow significantly and higher rates to weigh on inventories, business investment and exports.

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