Investors Ignore the Threat of Inflation… But How Long can it Last?

The much anticipated February jobs report was about as good as it gets. Strong growth with moderating wage pressure was just the tonic equity markets needed to set aside fears of rising inflation and a more aggressive Fed. Stocks surged, rising 1.7 percent following the report on Friday. These gains came after investors breathed something of a sigh of relief on Thursday, after details of the administration’s tariff proposal were not as belligerent as anticipated, exempting some countries and leaving room for others to be excluded as well. For the week overall, the S&P 500 index climbed a solid 3.5 percent.

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