Despite the ever scary inflation headlines, the Dow Jones Industrial Average (^DJI) and S&P 500 (^GSPC) are flirting with record highs. That’s counter to prevailing wisdom, right? On paper, increasing inflationary pressure brought on mostly from the pandemic should be pounding corporate profit margins and weighing on outlooks. So far this earnings season, on balance that hasn’t happened and stock prices have been fast to jump on the less dire narrative, pros say. “Investor sentiment had… Source link
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