It appears that inflation finally eased last month, as the rate of underlying price increases excluding energy and food slowed from a 40-year high. And U.S. stocks are staging their biggest rally since 2020. Weston Nakamura welcomes Andreas Steno Larsen at the top of today’s Daily Briefing to break down October Consumer Price Index data and provide some context for today’s “melt-up.” Then, Weston and CrossBorder Capital CEO Michael Howell assess the broader investing climate, including the key issue driving price action: liquidity. “The next few months will be challenging,” Howell wrote in his most recent note to clients, “as recession hits earnings and central banks raise rates further.” Michael and Ash Bennington discuss “Everything You Need To Know About Liquidity” here: rvtv.io/3Eo5wah.We want to hear from you too – please share your questions, comments, and suggestions. Editor’s Note: Our live chat feature will be unavailable for four to six weeks as we upgrade our video player technology. We apologize for the temporary loss of function. But we assure you the upgrade will more than justify the wait. In the meantime, we will be monitoring the comments section. So, in addition to conversing with your fellow community members, please share your questions there.