While there is plenty to discuss regarding what is happening in the stock market and the economy, much of it consists of the same actions and reactions that we’ve been talking about for a year and a half.
It started at a time when the government was distributing excessive money to sustain the economy during the Covid shutdowns. This was also a time when the supply chain was broken, resulting in high demand for limited products. When demand outpaces supply, inflation often occurs. During this time, we watched the Federal Reserve label the inflation as “transitory.”
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