U.S. inflation didn’t run as hot as expected in August, but remains elevated and a source of worry for investors and policy makers. But by itself, a jump in inflation is hardly ever enough to derail a bull market in stocks, according to a top Wall Street technician.
“We can’t find much evidence that spiking inflation figures are bearish for equities,” said Jeff deGraaf, founder of Renaissance Macro Research, in a Wednesday note.
good
Try adding food and energy back into the equation...you know like proper maths. Thanks.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: wwd - 🏆 24. / 68 Read more »