Buckle Up! We Just Entered the Next Phase of Trumpflation.
If you think falling oil prices mark the end of Trump-driven inflation, you'll be sorely mistaken.
Overview
It's shaping up to be another sensational year for equities. In early June, the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) romped to record highs on the heels of artificial intelligence (AI) euphoria.
But this rally may be more fragile than Wall Street's major indexes suggest. Inflation is the proverbial torpedo that can sink Wall Street's ship, and we appear to have entered the next phase of Trumpflation.
Inflation has soared on the heels of two of Donald Trump's policies. Image source: Official White House Photo by Molly Riley.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.