I'm extremely bullish on the consumer segment of the economy...
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According to the Federal Reserve, retail sales are strong and our gross domestic product number is humming along. In fact, if things stay this way, the word "inflation" is going to become more common in the financial world.
Heck, even legendary investor Warren Buffett thinks inflation is on the rise.
But it doesn't always mean bad news for the stock market. And with stimulus checks in the pockets of most Americans, the odds of seeing a strong summer rally are high.
So I'm bullish on the consumer segment of the economy. It's showing remarkable strength, and its sentiment toward normalcy simply can't be ignored. | | | | | | | | |
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