The Stock Markets SOARED

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No, no, no. Inflation is not over and done with. It still rose 0.4%, so inflation in October was still higher than it was in November. But it rose slower and less than expected. Thus, the stock market rallied more than 1200 points today. It simply is a sign that maybe inflation has peaked? That being the "sentiment" of sorts despite Biden's comments just yesterday that would give no one any real confidence that he has the goods to make it happen. Yet still. The midterms, while not the massive red wave, is still showing that it looks like the republicans will control the House and they are inching toward controlling the Senate as well. That will bode well for stocks in that at least maybe the republicans can curb some of the spending the Biden administration and democrats have been doing over the last two years—which have been major contributing factors to the inflation alongside high fuel prices. Either way, it was a fantastic day in the markets and hopefully a sign of good things to come. But I should caution, we are still in a bear market, and will remain in one for a while, and we are still not going to fend off a recession. I expect the economy will slow in all four quarters of 2023 and the 4th quarter of 2022 will also solidify the fact that we are already in a recession now.