Market Commentary – May 18, 2021
May 18, 2021 US INFLATION RISES TO 13-YEAR HIGH Recent headlines are all about the rise of inflation, and I don’t expect it to stop anytime soon. Here are just a few headlines from the last 24 hours. https://www.wsj.com/articles/inflations-magic-number-is-four-11621355006 https://www.bloomberg.com/news/articles/2021-05-17/inflation-rate-2021-and-shortages-companies-panic-buying-as-supplies-run-short https://www.ft.com/content/9935be40-d041-4b7d-acac-4d86f3c25100 https://finance.yahoo.com/video/going-see-higher-inflation-numbers-192846353.html https://finance.yahoo.com/news/home-depot-q-1-sales-and-profits-lifted-by-skyrocketing-inflation-182424800.html It seems the nonstop monetary stimulus, which accelerated during the pandemic, has finally caught up with us. Recent data confirm the U.S. rate of inflation rose to…
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