The term “inflation” has been circulating in the headlines and on the news for some time now and, unfortunately, doesn’t seem to be going away anytime soon. Put simply, inflation is described as an increase in prices coupled with a decrease in the purchasing power of money.
Despite a downturn on the last day of the month, stocks rebounded impressively in November from a moribund performance in October.
Stocks fell again in October for the second straight month as a combination of rising Covid cases and pre-election anxiety made investors nervous. In addition, hopes for another round of stimulus from Congress faded as politicians couldn’t come to any agreement and talks stalled.
Election Day in the U.S. has come and gone once again and while the full outcome may still be uncertain, one thing we can count on is that plenty of opinions and predictions will be floated in the days ahead surrounding the vote.