Issue 40 – September Morn: Inflation Is not Transitory or Structural but Cyclical

A Snapshot of the Market for the Week Ended October 15, 2021:

Wednesday’s consumer price inflation printed a year-over-year increase of 5.4% in September with core number, which strips out food and energy costs, holding at 4.0%. The situation is not getting worse or better. The market looked right through this as if nothing new happened, dogging the stickiness of inflation. Maybe it’s assessment was correct, inflation has been sticky at the annual rate of 5.0% for five consecutive months.

 

Follow us on: LinkedIn

 

By Hubert Marleau

Continue Reading in PDF

By Hubert Marleau

All products and services of Palos Wealth Management Inc and Palos Management Inc. are only available for sale to residents of Canada, unless the laws of a foreign jurisdiction permit sales to its residents. The contents of this site should not be considered an offer to sell or a solicitation to buy products or services to any person in a jurisdiction where such offer or solicitation is considered unlawful.