Daily Note | November 2, 2023 | CEF Distribution Day Was A Non-Event

Nov 03, 2023

∙ Paid

This note failed to post yesterday.

Summary

Markets rise for the third consecutive day due to a bond rally and positive energy sector performance.
Fed Chair Powell expresses satisfaction with efforts to bring down inflation and wage inflation.
The yield curve experiences a significant move without Fed involvement, driven by the long end of the curve rising …