Momentum Meets Inflation
Published . Updated .
Key takeaways
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GDP grew by 0.7 per cent in the third quarter. We project 0.4 per cent growth for the fourth quarter. The Bank of England should remain focused on second-round effects.
Directly affected
- No company is named in this report.
Indirectly affected
- EWU iShares MSCI United Kingdom ETF-1.0% 13d
iShares MSCI United Kingdom ETF holds stocks listed in the UK, which this story is about (“england”).
- BWX SPDR Bloomberg International Treasury Bond ETF
SPDR Bloomberg International Treasury Bond ETF holds government bonds outside the US, which react to inflation and interest-rate news like this one in the UK
- EFA iShares MSCI EAFE ETF-0.7% 6d
iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes the UK
- HSBC HSBC Holdings-6.6% 12d
HSBC Holdings (savings institution, federally chartered) is one of the largest the UK-based companies traded in the US, so news about the UK (“england”) reaches its shares.
- LIN Linde+9.9% 30d
Linde (industrial inorganic chemicals) is one of the largest the UK-based companies traded in the US, so news about the UK (“england”) reaches its shares.
- ARM Arm Holdings-28.1% 17d
Arm Holdings (semiconductors and related devices) is one of the largest the UK-based companies traded in the US, so news about the UK (“england”) reaches its shares.
- RIO Rio Tinto Group
Rio Tinto Group (metal mining) is one of the largest the UK-based companies traded in the US, so news about the UK (“england”) reaches its shares.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| EWU | +0.13% | +1.05% | base | -0.18% | after close | after close | after close |
| BWX | +1.13% | +1.50% | base | -0.63% | after close | after close | after close |
| EFA | -1.86% | +0.32% | base | -0.61% | after close | after close | after close |
| HSBC | -2.35% | +0.02% | base | -1.24% | after close | after close | after close |
| LIN | -1.05% | -1.15% | base | -0.77% | after close | after close | after close |
| ARM | -18.08% | -8.38% | base | -1.75% | after close | after close | after close |
| RIO | -2.14% | +1.66% | base | -2.00% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Momentum Meets Inflation NIESR
Source: NIESR
The price since 12 Nov 2026: Ishares Tr (TIP) versus the S&P 500
| Company | When | Move | Status |
|---|---|---|---|
| ARM | that day | -1.75% | final price |
| ARM | three days earlier | -8.38% | final price |
| ARM | five days earlier | -18.08% | final price |
| BWX | that day | -0.63% | final price |
| BWX | three days earlier | +1.50% | final price |
| BWX | five days earlier | +1.13% | final price |
| EFA | that day | -0.61% | final price |
| EFA | three days earlier | +0.32% | final price |
| EFA | five days earlier | -1.86% | final price |
| EWU | that day | -0.18% | final price |
| EWU | three days earlier | +1.05% | final price |
| EWU | five days earlier | +0.13% | final price |
| HSBC | that day | -1.24% | final price |
| HSBC | three days earlier | +0.02% | final price |
| HSBC | five days earlier | -2.35% | final price |
| LIN | that day | -0.77% | final price |
| LIN | three days earlier | -1.15% | final price |
| LIN | five days earlier | -1.05% | final price |
| RIO | that day | -2.00% | final price |
| RIO | three days earlier | +1.66% | final price |
| RIO | five days earlier | -2.14% | final price |
Congressional trades in the stocks in this story
- Sen. John Boozman sold EFA (jointly held), worth $1,001 - $15,000 on 9 Sep 2026. That is 64 days before publication. Filed 21 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Linde (LIN) (held by a spouse), worth $15,001 - $50,000 on 25 Sep 2026. That is 48 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Kevin Hern sold Linde (LIN) (jointly held), worth $15,001 - $50,000 on 17 Sep 2026. That is 56 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Linde (LIN) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 69 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Pete Sessions sold Costco Wholesale (COST), worth $100,001 - $250,000 on 13 Oct 2026. That is 30 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Costco Wholesale (COST) (held by a spouse), worth $1,001 - $15,000 on 12 Oct 2026. That is 31 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna bought Costco Wholesale (COST) (held by a spouse), worth $1,001 - $15,000 on 7 Oct 2026. That is 36 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Maria Elvira Salazar bought Procter & Gamble (PG), worth $1,001 - $15,000 on 23 Oct 2026. That is 20 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. David J. Taylor sold Procter & Gamble (PG), worth $1,001 - $15,000 on 12 Oct 2026. That is 31 days before publication. Filed 15 Oct 2026. View the filing.
- Rep. Pete Sessions sold Procter & Gamble (PG), worth $1,001 - $15,000 on 8 Oct 2026. That is 35 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern bought Coca Cola (KO) (jointly held), worth $1,001 - $15,000 on 31 Aug 2026. That is 73 days before publication. Filed 25 Sep 2026. View the filing.
- Rep. Rohit Khanna bought Walmart (WMT) (held by a dependent child), worth $15,001 - $50,000 on 13 Oct 2026. That is 30 days before publication. Filed 5 Nov 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Ishares Tr (TIP)
Companies mentioned with this story
- TIP Ishares Tr
Ishares Tr (TIP) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Momentum Meets Inflation.” Reason on file: iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story
- XLP Select Sector Spdr Tr
In “Momentum Meets Inflation,” Select Sector Spdr Tr (XLP) is linked, with no stored direction, medium confidence. Reason on file: Consumer Staples Select Sector SPDR: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story
- COST Costco Wholesale
In “Momentum Meets Inflation,” Costco Wholesale (COST) is linked, with no stored direction, medium confidence. Reason on file: Costco Wholesale (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story
- PG Procter & Gamble
In “Momentum Meets Inflation,” Procter & Gamble (PG) is linked, with no stored direction, medium confidence. Reason on file: The Procter & Gamble (soap, detergents, cleang preparations, perfumes, cosmetics): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story
- KO Coca Cola
In “Momentum Meets Inflation,” Coca Cola (KO) is linked, with no stored direction, medium confidence. Reason on file: The Coca-Cola (beverages): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story
- WMT Walmart
Walmart (WMT) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Momentum Meets Inflation.” Reason on file: Walmart (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story
How “Momentum Meets Inflation” reaches Ishares Tr (TIP)
“Momentum Meets Inflation” (12 Nov 2026) reaches Ishares Tr (TIP) through this story.
For Ishares Tr (TIP), the reason on file says iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story
Select Sector Spdr Tr (XLP) is here too. Its reason reads: Consumer Staples Select Sector SPDR: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story
Price levels for Ishares Tr (TIP)
COST traded between 977.24 and 1091.64 across 20 sessions. The latest close on file is 1087.08. TIP traded between 103.77 and 105.61 across 15 sessions. The latest close on file is 105.27. XLP traded between 80.10 and 82.29 across 5 sessions. The latest close on file is 81.02.
How strong the case is around Ishares Tr (TIP)
46 out of 100
“Momentum Meets Inflation” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.