Hi
The latest readings on consumer and producer prices told investors something they already feared.
Inflation, which has never gone away, may be returning.
For much of 2023, the economy was experiencing disinflation. But disinflation only means the rate at which prices are increasing is slowing. And now, even that may be changing.
Inflation is starting to resemble that obnoxious dinner guest who just won't leave your home. But you don't have to let it ruin your portfolio.
We know that artificial intelligence stocks are all the rage. FOMO is running high as investors are piling into stocks like Nvidia.
Pivoting away from growth stocks means moving away from where the action is. And you'd be right.
But out-of-control government spending that will continue to inflate our monetary supply makes inflation almost inevitable. It's the definition of too much money chasing too few goods. And investors also have to consider geopolitical tensions and rising oil prices.
This is the definition of an inflationary market. So, wouldn't it be prudent to allocate at least some of your portfolio to defensive stocks?
That's the focus of this special presentation. These stocks come from companies that make products consumers can't do without. Analysts expect each of these stocks to do well even if inflation remains muted. But if the rate of inflation ticks higher, these stocks are likely to outpace the market.
View the 7 Stocks to Buy if Inflation Sticks Around in 2024Don Miller
InsiderTrades.com
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