Weekly Commentary | November 12, 2023 | Saba Wins Again
Summary
The S&P 500's winning streak ended after 8 straight daily gains due to comments from Federal Reserve Chairman Jerome Powell.
The 30-year treasury auction had weak demand, causing rates to jump and contributing to the market sell-off.
The market's strength was narrow, with certain sectors underperforming and consumer sentiment falling unexpectedly.
D…
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