STOCKS SOARED THIS PAST WEEK BUT ECONOMIC PAIN IS STILL AHEAD
Buoyed by better-than-expected inflation data, the Standard & Poor’s 500 stock market index gained +5.5% on Thursday and added nearly 1% more on Friday. While the 12-month trailing inflation rate, as measured by the Consumer Price Index (CPI), may indeed have peaked, the end of the post-Covid inflation crisis of 2022 is not over. The […]