Earlier Thursday, we called attention to the three primary market overhangs: China's Covid lockdowns, Russia's invasion of Ukraine and the Federal Reserve's fight to quell decades-high inflation in the United States. Unfortunately, we can't provide too much insight into the minds of presidents Xi Jinping or Vladimir Putin. But we can delve a bit deeper into the price pressures gripping the American economy, turning to actual data in an attempt to draw some investable conclusions.
Doug Langley clears the combine harvester's head from weed before he starts harvesting, during the wheat harvest in Shelbyville, Kentucky, June 29, 2021.
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