Tuesday offered a strong reminder that inflation may not be done wreaking havoc across the economy and capital markets. Stocks sold off in the previous session, with the S & P 500 shedding 1.1%, after data from the Institute for Supply Management pointed to stickier price pressures. The price component of the ISM purchasing managers' services index jumped 6.2 points to 64.4.
" Johnson maintained his year-end S & P 500 target of 6,600. Barclays' Emmanuel Cau, head of head of European equity strategy, also noted that while the current market choppiness may persist, "the key drivers of the bull market, i.e. resilient earnings and growth-focused central banks, remain broadly in place for equities to climb the wall of worry.
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