Headline Inflation Is Easing, but Trumpflation Isn't -- and That's a Recipe for Disaster on Wall Street
The longer Trumpflation remains unchecked, the bigger the consequences for Wall Street.
Overview
This has turned out to be another sensational year for equities. Since early June, the timeless Dow Jones Industrial Average (DJINDICES: ^DJI), broad-based S&P 500 (SNPINDEX: ^GSPC), and technology-propelled Nasdaq Composite (NASDAQINDEX: ^IXIC) have catapulted to fresh highs.
However, danger is always lurking on Wall Street. While the July inflation report is fanning the flames of optimism among investors and lowering the odds of a rate hike when the Federal Open Market Committee (FOMC) meets in mid-September, Trumpflation (inflation that's specifically driven by President Donald Trump's policies) has shown no signs of reprieve -- and that's a big problem.
Trumpflation may be a serious problem for a high-flying stock market. Image source: Official White House Photo by Joyce N. Boghosian.
Details
Source
Originally published at www.fool.com.
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