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Hot inflation undercuts one of the main arguments against stocks, strategist says

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U.S. stocks slumped after a surprisingly hot reading on inflation in October. Consumer prices jumped 0.9%, and the core measure also accelerated.

While the Dow Jones Industrial Average DJIA dropped sharply after the data, one strategist argues the hot reading removes a key argument against equities.

 

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Executives wants a big correction for stock buybacks

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