Inflation The Next Concern?
Dear Clients and Friends:
Too much good news can be bad news—at least that is how the markets see it.
The recent string of better than expected economic data is consistent with the rapid pace of healing in the credit markets—the key driver of the recession. In fact, last week marked the 12th week that the financial indicators LPL Financial Research uses to evaluate the overall health of the economy have shown steady improvement. The data increasingly paints a picture of a still weak, but rapidly improving U.S. economy. However, this news isn’t being interpreted as all good by the markets. […]
