In an indication that inflation may be slowing, we’ve seek a sharp reversal in market leaders in recent trading sessions. For example, commodities (often viewed as an inflation hedge) are down, while growth stocks are up significantly
We’ve seen plenty of dead cat bounces this year, and this could be another one. But in the long-term, this market is going higher. It’s a fool’s errand to try to exactly time the bottom, but its still better to buy low than to buy high. Again, long-term, this market is going higher.