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…