Uh-Oh! The Inflationary Effects of the Donald Trump-Led Iran War Now Extend Well Beyond the Energy Sector.
The evolution of Trumpflation points to a longer-lasting adverse impact on consumer prices.
Overview
Statistically, an outperforming stock market and Donald Trump in the White House have gone hand in hand. During President Trump's first, non-consecutive term, the time-tested Dow Jones Industrial Average (DJINDICES: ^DJI), widely followed S&P 500 (SNPINDEX: ^GSPC), and technology-focused Nasdaq Composite (NASDAQINDEX: ^IXIC) rallied 57%, 70%, and 142%, respectively.
These outsize annualized returns have continued since his second term began, with the evolution of artificial intelligence (AI) serving as the primary catalyst.
The inflationary effects of President Trump's Iran war could stick around considerably longer than initially forecast. Image source: Official White House Photo by Daniel Torok.
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Originally published at www.fool.com.