U.S. stocks dropped sharply toward the end of yesterdayâs trading session, after being up earlier in the day. The decline was widely attributed to yesterdayâs release of the Labor Department's April Consumer Price Index, which indicated inflation clocking well above many estimates. Weâve certainly discussed inflation before. We started warning our readers that it was coming back in March, 2021, long before most any other publication. And we have regularly offered our thoughts about how to invest in an high-inflation economy (see our April 22nd edition, for example), since we also were clear in our prediction that an inflationary environment would persist long past what most experts were suggesting.
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