Chinese investors’ enthusiasm is helping China’s dollar bonds trade at lower yields than U.S. Treasuries—a historical anomaly because the U.S. securities have historically been considered the safest of investments.

Chicago Federal Reserve President Austan Goolsbee says that although the Fed will take its time reducing interest rates, the end result will be much lower rates if inflation stays near the Fed’s target.

Congratulations to Paychex and Bristol Myers Squibb!

Congratulations to Bristol Myers Squibb, GE HealthCare, and Hitachi!

In October, the PPI rose 2.4% year-over-year.

The 3.6% annualized rate of growth in the core CPI underscores the slow and frustrating nature of the battle against inflation.

The leveraged loan market is seeing Trump’s election as a “tailwind” for after-tax corporate profits, “through lower expected corporate tax rates, less regulation, and higher inflation.”

“I would expect there’ll be less aggressiveness. This administration has been hyper-aggressive. Even if you dial it back to a normal level, that’ll be a change.”