Has Disinflation Arrived?
In this week’s stock market update, we will discuss the implications of the most recent inflation report and what it means for your money. Specifically, we are going to break down what we believe is the path of least resistance for the stock market by looking at investment positioning and what has historically worked once peak inflation was confirmed. Lastly, we wrap things up with a quick discussion of how we are playing the tight inventory situation across the new auto market.
Key Takeaways
- Inflation appears to have peaked in June -> we still want to see shelter and food costs rollover
- We see Wall Street positioned very defensively, which suggests a potential melt-up from those caught offside during the recovery
- New auto inventories remain lean, which should be good for new auto manufacturers
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