Inflation is dead - long live inflation, maybe in six months

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Inflation is dead - long live inflation, maybe in six months

Year-to-date, industrial stocks are up 5%. Housing stocks are up 10%. Copper stocks jumped 16%, and airline stocks are up a whopping 18%. Meanwhile, energy stocks are up less than 3%. Utility stocks have risen less than 2%, and healthcare stocks have gone nowhere.

U.S. E- Commerce Sales. A chart showing revenue since 1999 shows upward growth in billions.

That’s typical “new bull market” price action. 

We need to see major reduction in the inflation print before we really know we are out of the woods and not just a possible reasonally adjusted ghost.

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