Trumpflation Is Evolving Into a 3-Headed Monster, and Wall Street Will End Up Paying the Price
President Donald Trump's policies are affecting more than just fuel prices.
Overview
For more than a century, the stock market has been the greatest wealth-creator on the planet. The average annual returns of the ageless Dow Jones Industrial Average (DJINDICES: ^DJI), benchmark S&P 500 (SNPINDEX: ^GSPC), and growth-stock-inspired Nasdaq Composite (NASDAQINDEX: ^IXIC) outpace the annualized returns of bonds, commodities, and real estate.
But the stock market is far from infallible. Over shorter timelines, corrections and bear markets are quite common.
Details
At any given time, several headwinds are waiting in the wings to sink Wall Street. While historically high valuations and the prospect of an artificial intelligence (AI) bubble are perhaps the two most well-known, there's arguably no more perfect saboteur for Wall Street than inflation.
Source
Originally published at www.fool.com.