Inflation may be rising, but for now, at least, investors don’t seem to mind. Both the NASDAQ and the S&P 500 are holding just below their all-time high levels, reflecting a wide-spread feeling that, with interest rates low, stocks will provide the strongest returns for the near future.
And stocks have been delivering. The S&P is up 13% year-to-date, and the NASDAQ, despite greater volatility and some weakness in the big tech companies, is up 7%. These gains come even as inflation is…
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