Canavan's Corner: RPJ's November 2026 Market Update
October was another volatile month for markets, largely due to growing concerns about the artificial intelligence (AI) investment boom. For several years, AI-related companies have been major drivers of stock market gains, but investors are increasingly questioning whether the enormous spending required to build AI infrastructure will ultimately produce sufficient profits.
Meanwhile, inflation remained a concern. Consumer prices rose 3.7% year-over-year in October, up from 3.4% the previous month, driven by higher costs for gasoline, housing, travel, and recreation. This increase moved inflation further away from the Federal Reserve's 2% target and reinforced concerns that inflation remains stubbornly persistent.
Read more in Jeff's November 2026 market update.