Has this latest inflation print greenlit an ASX Santa Rally? - a podcast by Livewire Markets

Last week, the Australian Bureau of Statistics gave the RBA (and investors) an early Christmas present. It was revealed that the monthly consumer price index (CPI) indicator rose 4.9% in the 12 months to October 2023, down from 5.6% in September. 

This came in below economists' estimates, who had projected a 5.2% rise over the period. Hallelujah! 

It caps off what was already a good month for equity investors, with the All Ordinaries and its miniature elf helper, the Small Ordinaries, rising 4.2% and 6.6% respectively since the beginning of November. 

So can investors expect a fabled Santa Rally into the New Year? And if so, which stocks should they be stuffing into their Christmas stockings (and which should they be crossing off their lists?)

To find out, Livewire's Ally Selby was joined by IML's Simon Conn and Firetrail's Eleanor Swanson - who answered these questions and more.

Note: This episode was filmed on Wednesday 29 November 2023. You can read an edited transcript below: 

https://www.livewiremarkets.com/wires/has-this-latest-inflation-print-greenlit-an-asx-santa-rally/

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