An Inflation Quadruple Whammy, Headlined by Trumpflation, Threatens to Crush the Stock Market
President Donald Trump's policies, coupled with Wall Street's hottest trend, are a dangerous recipe for stocks.
Overview
This has been a history-packed year for Wall Street. In addition to witnessing the largest-ever initial public offering in stock market history and the swearing in of only the 17th Fed chair since the central bank's inception in 1913, investors have seen the timeless Dow Jones Industrial Average (DJINDICES: ^DJI), benchmark S&P 500 (SNPINDEX: ^GSPC), and growth-stock-dependent Nasdaq Composite (NASDAQINDEX: ^IXIC) romp to all-time highs.
Several factors have acted as the wind in Wall Street's sails, including the evolution of artificial intelligence (AI) and better-than-expected corporate earnings.
Details
But things aren't nearly as perfect as Wall Street's major indexes suggest. An inflation quadruple whammy is brewing in the background, headlined by Trumpflation -- and it's the perfect recipe to crush Wall Street's historic bull market rally.
Source
Originally published at www.fool.com.