Q: What was the rate of U.S. inflation for October?
A: According to the Bureau of Labor Statistics, The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in October on seasonally adjusted basis or Zero.

Q: Has the outlook on U.S. interest rates changed significantly?
A: UBS believes the Federal Reserve will replace the current “Higher for Longer” rates with dramatic interest rate cuts in 2024. The Dow Jones Industrial Average topped 35,000 for the first time in 19 months.

Q: Who gets the first year-end McGowanGroup Bozo Award and the first Sir John Templeton Award for 2023?
A: James Paulsen, Chief Investment Strategist at Leuthold, Predicted the S&P 500 Index could rise to 5000 in 2023 which is now about 4500. Mike Wilson, Morgan Stanley’s Chief Equity Strategist, predicted large declines in the equity markets and a large drop in company earnings for 2023.