5/22/2023 0 Comments It Had to Be You by B.G. ThomasI also suggested a few ways to play it.įortunately for my track record, I was right about inflation, and most individual stocks I suggested would perform well in an inflationary environment, which included EQT Corp ( EQT) up 96%, Enterprise Products ( EPD) up 33.5%, Crestwood ( CEQP) up 8%, Bunge ( BG) up 28%, Andersons's ( ANDE) up 51.25%, Tiptree ( TIPT) up 38.5%. If you prefer not to read it, I mentioned that I believed Jerome Powell was mistaken that inflation was "transitory" specifically when it came to food, energy, housing, and wages. I started writing about inflation in the late summer of 2021 with an article, "Inflation: Is It Something to Fear and How Do You Protect Your Portfolio From It". The main crux was "The central challenge for the Fed is that the economic outlook is souring at the same time that progress on reining in inflation is stalling out." Basically, many measures of economic activity reveal many sectors and geographies already in recession while inflationary measures such as CPI and core PCE are coming down at a slower pace and remain at too high levels. This weekend's edition of Barron's included an article about the tough spot in which the Federal Reserve finds itself. Skodonnell/E+ via Getty Images Barron's Article on Inflation
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