Nasdaq, S&P 500 end sharply higher, fueled by inflation optimism

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Citi says bears facing 'painful' squeeze over next 2-6 weeks

November 11, 2022 8:16 AM EST

The market dynamics may have changed recently, paving the way for a tactical bounce in the U.S. equities, according to Citis global equity strategist Jamie Fahy.

Stocks rallied yesterday in response to the CPI miss with tech-heavy Nasdaq closing the day over 7% higher. Fahy believes the ongoing bear market rally can continue as there... More