The Federal Reserve's preferred inflation measure increased last month at its fastest clip since June.
Inflation ETF (RINF) hit a new 52-week high. Can it soar higher?
This inflation ETF hits a new 52-week high. Are more gains in store for this ETF?
After a powerful rally at the start of the week, the stocks lost momentum on hot inflation data, which would push the Federal Reserve toward another aggressive rate hike.
Rising rate worries and recessionary fears were the key concerns last week.
U.S. benchmark government bond yields rose to 3.03% from 2.98% on Jun 8 on inflationary fears.
Last week, Wall Street continued its downtrend amid the uncertainties emanating from the Russia-Ukraine war.
U.S. government bond yields rose to their highest levels since November to start 2022.
After a great 2021 (for stocks), investors will now be mulling over what's in store this year. These ETF forecasts should help investors to take positions before hand.