Stocks at record highs and inflation persistent, Charlie Bilello notes

Stocks at record highs and inflation persistent, Charlie Bilello notes
Stocks hit highs as Fed expands

Charlie Bilello, chief market strategist at Creative Planning, questions the Federal Reserve's decision to expand its balance sheet while stocks are at all-time highs and credit spreads remain near historic lows.

Bilello points out that inflation has averaged over 4% per year since 2019 and has stayed above the Fed's target for 63 consecutive months.

Bilello has recently noted that the S&P 500 ended the week with four consecutive all-time highs, reaching a total of 22 record closes for the year, according to previous commentary. He also reported that the Nasdaq Composite climbed above 27,000 for the first time, marking its third 1,000-point gain this year as highlighted in a recent post. Both benchmarks have advanced despite elevated inflation levels.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
Weekly Top Bonuses
up to $2,500
deposit bonus for all clients
CLAIM BONUS
Your capital is at risk.