Uncategorized May 12, 2021

Market Update May 12, 2021


To all those that have been keeping up with my weekly insights, it should come to no surprise to hear that today’s “hot inflation data” showed that inflation accelerated at its fastest pace since 2008.

Wall street experts predicted a 3.6% increase in the CPI (Consumer Price Index), but according to the most recent data, the CPI spiked 4.2% (compared to last year). This difference in actual vs predicted resulted in today’s stock market tumble.

We will likely continue to see higher rates of inflation as shelter and energy begin to reflect the impact of the Fed’s monetary policy on housing prices, and as rising fuel prices, aka transportation costs, begin to get passed to consumers.