• The rally catches its breath. After a tremendous rally these last few trading days on Donald Trump winning the U.S. presidential election, stocks lost their steam on Tuesday. The Dow Jones Industrial Average slid nearly 0.8%, or almost 350 points. The S&P 500 fell more than 0.2%, and the tech-heavy Nasdaq Composite was down roughly 0.1%, paring earlier losses. Both the S&P 500 and Dow had their worst day since Oct. 31.
• Treasury yields went higher. The 10-year Treasury yield added about 12 basis points to hit about 4.43% on Tuesday.
• October's Consumer Price Index (CPI) is on Wednesday. The report will serve as the latest test of whether an inflation resurgence is a risk to the US economy as the Federal Reserve debates its next interest rate decision. The report is set for release at 8:30 a.m. ET.
• Inflation expectations went lower. A new October survey from the Federal Reserve Bank of New York showed consumers expect inflation at 2.9% in one year, down from the 3% seen a year prior. This marked the lowest one-year outlook in four years and falls in line with a recent survey from the University of Michigan.
• Shares of Skyworks Solutions are falling. Apple supplier Skyworks Solutions forecast first-quarter revenue and profit below Wall Street estimates on Tuesday, indicating weak demand from automotive and industrial clients.
• Boeing shares dropped. The stock was falling more than 2.5%, as the company posted sharp declines in October due to worker strikes. 
• Berkshire Hathaway is being packaged into a leveraged ETF. One of South Korea's largest retail brokerages plans to package Class B shares into an exchange-traded fund.
• Will Bitcoin cross over $90,000 for the first time? At 4 p.m. ET on Tuesday, bitcoin was changing hands around $89,600 per coin.
• Coinbase retreats. Shares of Coinbase, which offers cryptocurrency trading on its platform and had soared about 74% in the past five trading sessions, was down more than 2% on Tuesday.
• Snap slides after Trump says he will halt a TiKTok ban. Snap stock fell about 4% on Tuesday after a report from the Washington Post stated that President-elect Donald Trump is "expected to try to halt a potential U.S. ban of TikTok next year."

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"The October CPI report will likely support the notion that the last mile of inflation's journey back to target will be the hardest."

Wells Fargo's lead economist Jay Bryson in a note to clients 

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