Growth oriented stocks that are more impacted by increasing rates also fell from all-time highs and we would not be surprised to see increase market volatility in the weeks ahead as investors digest income inflation readings and try to anticipate the FED's reaction to elevated rates.
While the FED is trying to convince the public that the inflationary environment will be transitory, the evidence is indicating a different story.
The $500 billion infrastructure bill and $1.85 billion Biden Plan remain in limbo as progressive and moderate Democrats continue to disagree on scope of bill.
Reflecting on 20 years of helping clients with their financial situations and scenarios have taught me as much about what not to do as it has about what works.
We are coming into earnings season and depending on the reporting, we could see this market rally a bit higher or we could see the cracks in the dam continue to spread.
There are more and more signs and headlines talking about the concerns around inflation, the debate on the transient circumstances around it and what that could mean economy and market wise.
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