How Supply Chain Challenges and Inflation Will Impact the Stock Market

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As markets continue to hit new heights, one concern lurking in the shadows is inflation. Last year, many market “gurus” predicted that inflation wouldn’t be an issue. But it is undoubtedly a reality now. While it may be transitory, I do expect it to last into next year.

The question right now is how long does transitory really mean. Fed Chair Powell has even recently noted that inflation might be stickier than previously forecasted. In fact, he recently commented, “Supply-side constraints have gotten worse. The risks are clearly now to longer and more-persistent bottlenecks, and thus to higher inflation.”

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