Markets Shrug Off Disappointment After Red Wave Fails to Materialize, Climb on Decelerated Inflation Numbers

FS Insight Team

We saw three major influences on the markets this week: the midterm elections, the weeklong drama around the collapse of cryptocurrency exchange FTX, and Thursday’s inflation-data releases. Ultimately, the market ended the week strongly. The SPX was up 5.88% for the week, the Nasdaq rose 7.78%, and Treasury yields fell, with the 10-year ending the week at 3.82%, down from 4.16% last Friday.

Monday saw markets rise slightly ahead of Election Day, with investors showing their enthusiasm for ...

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