November 15, 2022

Markets were higher Tuesday morning due to the news of slight drip in the producer price index (a measure of inflation) in the U.S. Then news broke that the Russians had apparently (and hopefully accidentally) fires two missiles into Poland near the Ukraine border killing two people. The markets ended the day with the S&P 500 up 0.9% and Toronto up 0.4%. 

That was surprising strength in the face of news that could draw NATO a lot further into this war. And futures are higher tonight. 

Tomorrow, Canada reports October Inflation. Apparently the expectation is that it will have risen a little rather than dipped. That’s not good news for anyone.

 

 

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