The Problem With Energy Inflation
In hisDaily Market Notes report to investors, while commenting on energy inflation Louis Navellier wrote: Q3 2021 hedge fund letters, conferences and more Sigh of ReliefThe CPI number for November of 6.8% y-o-y and up 0.8% over October, was slightly ahead of average forecasts. Net, net, the market sighed in relief that the numbers weren't even higher, best reflected by the fact that interest rates, from the 2-year to the 30-year, all ticked lower, and we're ending the week with a minor relief rally in equities. The VIX finally dropped below 20, setting the stage for further gains. The markets ...