consumerinflation
In his podcast addressing the markets today, Louis Navellier offered the following commentary. August has been a seasonally weak month for the stock market. However, this time around, much of the cash on the sidelines continues to pour into the stock market. Stocks with high yields, plus good earnings growth, like Alliance Resource Partners, L.P. (NASDAQ:ARLP), CONSOL Energy (NYSE:CEIX), and Dorian LPG Ltd. (NYSE:LPG), have been fairing especially well. Naturally, the AI craze continues, which is continuing to boost Extreme Networks (NASDAQ:EXTR), Rambus (NASDAQ:RMBS), and Super Micro Computer...
ValueWalk
According to economists, consumer inflation for July is expected to be the highest ever since the pandemic started, indicating that the harsh increase in consumer prices has stretched to the peak. Q2 2021 hedge fund letters, conferences and more Consumer Inflation To PeakAs reported by CNBC, the consumer price index for July is expected to increase by 0.5% “or a gain of 5.3% year over year, according to Dow Jones.” CPI saw a 0.9% rise in June or 5.4% YoY, the greatest monthly rise since August 2008. “Excluding energy and food, economists expect CPI rose by 0.4% last month, compared with the 0....
ValueWalk
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