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Equities manage to claw back to flat YTD, and we still expect new highs by late-Jan. This, however, is not a risk-on signal.

VIDEO: We discuss how inflation remains arguably the single most important macro variable in next few months.  And once Fed sees the outsized role of auto insurance, will likely cut faster" (Duration: 6:15).

It may be hard to believe, but the S&P 500 is actually slightly positive YTD (+0.20%). The Nasdaq 100 is up modestly (+0.8%) and the Russell 2000 is down -5%. Given the rough start to 2024, the last 2 days have brought on modest impro...

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