The latest inflation data was exactly the fuel stocks needed to close at fresh all-time highs

Core Insights - US stocks reached all-time highs, driven by a September inflation report indicating a 3% increase, slightly below the expected 3.1% [1][2][6] - The inflation rate remains above the Federal Reserve's 2% target, but the lower-than-expected figure suggests tariffs are not significantly impacting consumer prices [2][3] - The Federal Reserve may be content with a 3% inflation rate in the short term, as the focus shifts to a cooling labor market [3][4] Economic Indicators - The S&P 500 index surpassed 6,800 for the first time, while the Dow Jones Industrial Average gained nearly 500 points, achieving its own record high [2][6] - Despite the absence of a September jobs report, other indicators show a slowdown in payroll growth and an increase in firing plans among US companies [4] - Economic data suggests the current bull market may continue, supported by potential Federal Reserve rate cuts and rising corporate profits [5][6] Market Outlook - High valuations and market risks are acknowledged, but the expectation of a 25-basis point rate cut by the Federal Reserve next week may sustain the bull market [5] - The current economic conditions indicate that interruptions to the upward trend in the market are unlikely until year-end, despite potential challenges in the following year [5]