Charles Payne's Market Commentary

Afternoon Note

Right Direction

By Karina Hernandez, Senior Research Analyst
11/14/2023 1:22 PM

This morning’s inflation print is making for a real humdinger of a day. The right names are higher, and the market is feeling more jovial.

Advancers lead decliners by a greater than a 11 to 1 margin at the NYSE and 4 to 1 at the Nasdaq.

Fed Fund futures now show a 30% chance of a rate cut in March, and a 4.8% chance of a hike in December - it was 18% a couple of weeks back.

Assets are mostly up across the board, as this morning’s inflation report showed that inflation is moving in the right direction.

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