By Marc Chaikin
Two major indexes just made history...
The benchmark S&P 500 Index gained 5.5% on Thursday, November 10. And the tech-heavy Nasdaq Composite Index did even better. It climbed 7.4% that day.
Neither index had surged that much in one day since 2020. And according to Dow Jones Market Data, it was the best "CPI day" performance for both indexes in history.
When the latest Consumer Price Index ("CPI") report came in with lower-than-expected inflation, investors once again flooded into the markets. These folks want to believe the worst of the bear market is behind us. And I get it...