We’ve heard the Fed’s pitches about inflation being transitory, the overriding need to keep stimulus flowing and interest rates at all-time lows, etc. But, as we witness the ongoing Gamestopification of the market, will investors be able to ignore next week’s evidence of persistent inflation that the Fed’s own actions has produced? I think they might need some new slogans.
Futures are off moderately on – drumroll please – better than expected ADP employment and initial claims.
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