COIN - The Inflation Bubble Is Finally Visible - To The Fed
- Last week’s inflation numbers apparently caught the Federal Reserve by surprise.
- Fortunately, the U.S. economy is booming. According to the Atlanta Fed, it is now growing at a 10.5% annual pace, despite last Friday’s flat retail sales report.
- Over 90% of the stocks in the S&P 500 have announced their first-quarter results, and so far, the average sales and earnings surprises are running at 3.7% and 23.2% respectively above consensus analyst estimates.
- Since many companies are awash in cash, stock buyback announcements have soared.
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The Inflation Bubble Is Finally Visible - To The Fed