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Market Rally After Latest Inflation Data A 'Foreteller' of What's to Come

November 16, 2022

The recent stock rally following better-than-expected inflation data is a “foreteller” of what’s to come over the next few months, Hessam Nadji, President and CEO of Marcus & Millichap, told CNBC this week.

“It goes to show that even early signs of recession perhaps being delayed or going back to the soft landing scenario that people have given up hopes on, because the Fed has been so aggressive on interest rate increases, can make a difference in the psychology and the confidence level in the investment community,” Nadji told CNBC.
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