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The stock market could soar to new records in another 1982-style vertical rally as inflation continues to ease, Fundstrat says

4 days ago   |   By Business Insider

Traders celebrate after the closing bell on the floor of the New York Stock Exchange, in New York, U.S., February 6, 2018. Brendan McDermid/Reuters
Stocks could rise abruptly and cause the S&P 500 to hit 4,400-4,500 by the end of the year, Fundstrat's Tom Lee said.
Easing inflation means markets will start discounting hawkish Fed comments, which have weighed on stocks all year.
Lee also noted that inflation was being fueled by several transitory pressures, such as supply chain issues and "revenge" spending.
If inflation continues to slow faster than the Federal Reserve expects, stocks...
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Nobel laureate Paul Krugman says the US rental market is cooling off - and official price stats overstate the inflation threat

5 days ago   |   By Business Insider

Paul Krugman is a Nobel Prize-winning economist. Brendan McDermid/Reuters
Slowing growth in US rents could mean the inflation threat is fading, Paul Krugman said.
The Nobel laureate said the remote-working boom caused a spike in the pace of rent increases.
Krugman noted the slowdown is likely to have a large but delayed impact on inflation.
The COVID-19 pandemic sparked a remote-working boom, spurring many Americans to upgrade their living spaces by renting bigger apartments and buying larger homes. The surge in housing demand fueled a historic spike in inflation this year, but that upward...
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