[Altos Weekly Traders Edge] Stock Market Poised for a Run as Inflation Softens...Details Inside

Sponsor Thanks to the “Income Glitch” on one ticker, [this computer whiz]( has nailed a 100% success rate on 52 trade opportunities and counting! That’s 52 wins … 0 losers - a 100% win rate. [Seriously, check it out. I promise it’s NOT too good to be true.]( Stock Market Poised for a Potent Run as Inflation Softens Its Grip Weekly Market Overview Hi Traders, There's a fresh wave of optimism in the markets right now, and it's all thanks to some unexpectedly mild inflation figures. Let me break it down for you. The past couple of weeks have been nothing short of spectacular for the stock market. There's been a noticeable upbeat trend, with gains in 10 of the last 11 trading sessions. Now, I know some might be skeptical, fearing this could be a fleeting surge, but the latest inflation data suggests otherwise. It points to a robust rally that's just kicking off. We just got our hands on the October consumer price index (CPI) report, and boy, was it a breath of fresh air for investors! It painted such a rosy picture that the market jumped immediately at the opening bell. Here's the crux of it: inflation seems to be on the retreat. The headline CPI only rose by 3.2% in October, a notch below the expected 3.3% and a significant drop from September's 3.7%. Even more telling is that on a month-over-month basis, prices didn't budge in October. That's a first for this year! Sure, a 3.2% inflation rate is still above the Federal Reserve's 2% target. But the key is the monthly rate - it's flat. And according to the Cleveland Fed's projections, we might see this trend continue into November. If this pattern holds, we could be looking at a return to 2% inflation by March 2024. That's just four months away! Now, you might wonder, can prices really stay stagnant for the next four months, and can we really normalize inflation by early next year? It's entirely possible. The primary factor propping up inflation right now is housing costs, but they're on the verge of a downturn. If we exclude shelter costs, CPI only rose by 1.5% in October. This means inflation is actually below the Fed's target when you don't count housing expenses. The housing market is key here, and there are signs of change. Mortgage rates are soaring, cooling down the housing market. And there's a surge in new apartment constructions - the highest since the 1970s! This increase in supply is starting to reflect in dropping rents across the country. Zillow's rent index, a real-time measure of asking rents, has been on a downward trajectory for the past 18 months. The official shelter CPI, which lags behind asking rents by about a year, is also showing a decline. If this trend continues, we could see the shelter CPI plunge to around 2% in the next year. So, let's connect the dots. Excluding housing, the U.S. inflation rate is already low, at around 1.5%. Housing cost indicators hint at a significant drop in the inflation rate over the next year. If this pace continues, we could hit that 2% overall inflation rate in just four months. This entire inflation episode wasn't as stubborn as we thought. It was largely fueled by unique COVID-era supply chain issues and monetary policies, both of which have now been addressed. Supply chains are back in action, and the era of stimulus checks has been replaced by high financing rates. All this spells great news for the stock market. If we hit that 2% inflation mark soon, the Fed might start cutting rates, which would bolster the economy and propel stocks upwards in 2024. It looks like we're on the cusp of a new bull market, and 2024 could be a stellar year for investors. It's definitely time to gear up for this emerging bull market. - The Team at Altos Trading Sponsor The first trade of Tom Busby’s newest [Weekend Side Hustle]( technique dropped THURSDAY! If you're reading this, that means you're late… But not too late! 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Altos Trading, including its owner, does not participate in any trades issued through the alert services. Subscribers to Altos Trading or any other persons who buy, sell or hold securities should do so with caution and consult with a broker or investment adviser before doing so. Trading securities and options involves risk. Prior to buying or selling an option, an investor must receive a copy of Characteristics and Risks of Standardized Options. Investors need a broker to trade securities and options, and must meet suitability requirements. Past results are not necessarily indicative of future performance. Performance figures are based on actual recommendations. Due to the time critical nature of trading, brokerage fees, and the activity of other subscribers, there is no guarantee that subscribers will mirror the performance of the service. Performance numbers shown are based on trades subscribers could enter based on the trade alerts. 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