Here's a lesson I learned decades ago at Goldman Sachs about how stocks can move in times like this.
The CPI jumps an eye-popping 4.2%, but a lot of noise is included in that number.
It's fair to note that the inflation data from Wednesday morning has had a lot of influence on what we're seeing.
Are they trying to tap the brakes or is this an admission that they cannot tap the brakes and must do more of the same to make sure risk taking accelerates to ludicrous speed?
Why? It's not a good wager -- and there are better places for investors to put their money if the economy booms.
Gold Resource Corp. should benefit as inflationary pressures rise and Travelzoo should improve as normal life returns.
Bring back the gold standard? Whatever nation that did so would instantly have the most highly desired currency on the planet.
There's talk about rates potentially rising, a chip shortage, and China, so you better respect what the market is telling you.
The only place to hide will be and has been commodities, as they are truly inflation protection assets.
To get inflation fears, all we really need is a bunch of these subjects to hit the headlines.