Can We Trust the November Stock Market Rally?

Wow, that was an explosive post-CPI (Consumer Price Index) rally!A better-than-expected U.S. CPI (inflation) print kicked off the largest one-day rally the market has seen since the 2020 pandemic bear. S&P 500 +5.5%, NASDAQ +7.3%, TSX +3.3% … hell, even bonds +2.9%.For the S&P 500, this was the 15th biggest one-day gain measuring back to 1950. What…