Prior to this year, plenty of investors knew about inflation. However, in 2021, investors are getting a crash course in varying types of inflation, namely persistent and transitory. Clearly, the prevailing hope is that inflation will be transitory, but with the Consumer Price Index (CPI) residing above 5% for three straight months, the persistent camp has some ammunition for their argument. Of course, inflation, persistent or otherwise, has implications for a variety of asset classes. “Inflation could derail the bull run for stocks by crowding out consumer spending and limiting the flexibility of the Federal Reserve ... (full story)