Is Inflation a Threat?

Despite an increase in volatility, stocks ended the second quarter with solid gains as the global economy continued to recover from the Covid pandemic. The bond market recovered some of its first quarter losses with a nice rebound during the second quarter. Strong corporate earnings across the board and rising consumer confidence continue to fuel stock gains, and consumers are on a spending binge after last year’s lockdown. While most economists expect this growth to slow down sometime in 2022, right now optimism abounds.

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