Review the latest Weekly Headings by CIO Larry Adam.
Key Takeaways
Must differentiate between the price level and rate of change
Spending should soon shift from goods to services
Many advancements made to the supply chain system
Its National Young Readers Week! Whether your favorite childhood author was C.S. Lewis or Judy Blume, you likely remember the joy of reading your favorite book and turning through the pages of witty rhymes and colorful illustrations. I know for me, the times spent reading with my three daughters will always be some of my fondest memories. As we grow older, we tend to read less for pleasure and more for purpose, and this week’s ‘read’ on inflation was on the ‘reading list’ for policymakers and investors alike. Given the supply chain issues reported by companies across nearly every industry, it is no wonder headline inflation rose to the fastest annual pace since 1990. However, we encourage investors to ‘read between the lines,’ and understand that the meaning of ‘transitory’ should not be left to the imagination.
All expressions of opinion reflect the judgment of Raymond James & Associates, Inc., and are subject to change. Information has been obtained from sources considered reliable, but we do not guarantee that the material presented is accurate or that it provides a complete description of the securities, markets or developments mentioned. There is no assurance any of the trends mentioned will continue or that any of the forecasts mentioned will occur. Economic and market conditions are subject to change. Investing involves risk including the possible loss of capital. International investing involves additional risks such as currency fluctuations, differing financial accounting standards, and possible political and economic instability. These risks are greater in emerging markets. Companies engaged in business related to a specific sector are subject to fierce competition and their products and services may be subject to rapid obsolescence. Past performance may not be indicative of future results.
