The Stock Market Just Got Its Worst Inflation News in 3 Years. Here's What History Says Investors Should Do Now.
Inflation is up and shows no signs of stopping.
The Stock Market Just Got Its Worst Inflation News in 3 Years. Here's What History Says Investors Should Do Now.
Overview
We just got a sobering wake-up call about inflation from the Bureau of Labor Statistics.
It's bad enough that the marquee number -- May's year-over-year inflation rate -- jumped to 4.2%, a three-year high, but it's also the third straight month-over-month increase of 0.5% or more. The S&P 500 (SNPINDEX: ^GSPC) dipped 1.6% on the news.
Details
Here's what's going on and what history tells investors to do now.
Source
Originally published at www.fool.com.
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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.
