ANDIKA BULLETin 10 OCT 2024

SP500 hits all time record intraday high ahead of CPI Print

ANDIKA BULLETin 10 OCT 2024

Despite the threat of CPI hovering over the US markets and notably hawkish minutes from The Fed (more divided over the scale of cuts than previously thought), which dragged rate-cut expectations lower still the S&P 500 hit another all-time intraday record high today and is now experiencing the strongest YTD performance of the 21st century.

But the US mkt isn't cheap...

Source: Bloomberg

Neither is the SP500...

Source: Bloomberg

Happy Thursday!

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