Wall Street Would Just Love a Whiff of Inflation

by Rick Ackerman

Gold and crude oil are ascending in tandem, suggesting the rally could get legs.

If so, it would have bullish implications for the stock market, since Wall Street has been praying harder than ever for signs of inflation’s return.

A Martian invasion is more likely in my estimation, but that’s no reason why stocks cannot surf this latest wave of delusion and move higher, even without the support of earnings.

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