Business Insider: “The stock market rally faces a conundrum as inflation can’t fall enough to please the Fed while the economy is this strong”By datatrekresearch in IN THE NEWS
Excerpt from Business Insider quoting DataTrek co-founder Nick Colas:
.... "Investors have been riding a wave of bullishness this quarter, but the rally in stocks could face trouble, as inflation can't fall much further while the economy remains this strong.
That's according to DataTrek Research, which in a note on Thursday pointed to the strong performance of stocks this year, with the S&P 500 up 12% since January. The benchmark index rose 3% over the past 30 days alone, partly fueled by a slight decline in inflation and expectations that the Federal Reserve will pause rate hikes at its policy meeting next week"....
Full article here on Business Insider.