The Dow closed at 21,200.55 – up 495.64
The Nasdaq closed at 7,384.30 – down 33.56
The S & P 500 closed at 2,475.56 – up 28.23
The Russell 2000 closed at 1,110.34 – up 13.79
- Inflation expectations have gone bye bye along with the stock market and oil price.
- For central banks, there are reasons to create more money and credit out of nothing.
- Get ready for the release of pent-up demand.
The risk of higher inflation increases because of aggressive central bank reactions to the economic slowdown. Recent declines in inflation expectations pushed central banks into action. This may give us a 2021- first half U.S. CPI above 4%.