Klayman: Stock Market Finally Reacts to Leftist Anti-Capitalist Policies, Edits and Legislation of Biden-Harris Regime & and Their Socialist-Communist Allies!
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September 11, 2021
Investors are worried about persistent Covid cases slowing the economy just as hot inflation causes the Federal Reserve to take away easy policies.
"It's been a week that's really taken its cue from the delta variant," said Jack Ablin, Cresset Capital Management's founding partner and CIO. "Investors are wringing their hands over growth but are seeing higher inflation at the same time."
The August producer prices index released Friday showed wholesale costs for businesses rose 8.3% on an annual basis, its biggest advance on record since at least 2010. The PPI accelerated 0.7% for the month, above the 0.6% Dow Jones estimate. The more important consumer price index for August will be released on Tuesday.
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