SPY - Anything With Demand Is An Inflation Hedge - Some Better Some Worse

• Search inquiries are accelerating rapidly, which is understandable considering that we're having the highest inflation readings in 30 years.
• Inflation isn't that transitory, but Fed Chairman Jerome Powell and Treasury Secretary Janet Yellen maintain their claim that inflation pressures are temporary and related to Covid-19.
• Energy adds to the sustained inflation readings with prices for natural gas and oil remaining elevated.
• To large extent, we're stuck at higher prices. Once wages have been increased to cope with inflation, we get a chain reaction of increasing prices.
• It's a market of stocks, not a stock market. Investors that look beyond the hype can find good companies at fair valuations that could provide a decent return over the next few years.

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