President Donald Trump Claims Fuel Prices Are "Tumbling Down," but Trumpflation Has Become a Broad-Based Problem
Energy prices aren't the headline inflation story any longer.
Overview
Look up the word "resiliency" in a dictionary, and you'd probably see a photo of the U.S. stock market, which has been climbing a wall of worry for years. Since early June, the time-tested Dow Jones Industrial Average (DJINDICES: ^DJI), benchmark S&P 500 (SNPINDEX: ^GSPC), and innovation-driven Nasdaq Composite (NASDAQINDEX: ^IXIC) have each blasted to record highs.
This ongoing outperformance has occurred despite concerns of an artificial intelligence (AI) bubble taking shape, and with outstanding margin debt soaring. But the biggest risk of all to the high-flying stock market is above-average inflation.
Details
Although modest inflation (rising prices) is perfectly normal for an expanding economy, actions taken by President Donald Trump have directly affected domestic prices. While the president has assured the public that prices will come "tumbling down" once the Iran war is over, Trumpflation data tells a completely different story.
Source
Originally published at www.fool.com.