President Donald Trump Claims Costs Are "All Coming Down Now," but the Evolution of Trumpflation Appears to Be Having the Opposite Effect

Despite the Dow, S&P 500, and Nasdaq reaching new highs under President Trump, above-average inflation is flagged as a serious headwind to risk assets. The article implies potential pressure on valuation and future policy expectations, with inflation acting as the key near-term risk.

Analysis

Despite the Dow, S&P 500, and Nasdaq reaching new highs under President Trump, above-average inflation is flagged as a serious headwind to risk assets. The article implies potential pressure on valuation and future policy expectations, with inflation acting as the key near-term risk.