Today in the podcast, we reflect on hot topics and some of the most interesting things we saw and heard last week. Three big things you need to know: First, we generally see last week’s cooler-than-expected inflation print as constructive for US equities, with some caveats. Second, while we see the anticipated outcome of the midterm elections as supportive of stocks, we find that we’re less excited than some as we think a divided government has been getting baked in since the mid-October lows and worry that any incremental upside in 4Q will borrow against 2023’s gains. Third, 3Q22 reporting season has revealed a softening of the earnings backdrop, with the best trends in Energy and Small Cap. Please note that Markets in Motion will be taking a break next week for Thanksgiving.

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