As long as inflation continues to surge, so should the Invesco DB Commodity Index Tracking Fund ETF (NYSE: DBC). It had gained about 40% this year and appears to be breaking out.
Inflation is bad. It has worried investors and brought sellers into the market.
Many stocks are significantly lower than their recent highs, but unfortunately, it may be worse than the experts think.
There’s more proof that inflation is becoming a serious issue. It isn’t merely transitory as some suggest.
The Bureau of Economic Analysis said the price index for consumer spending, known as the PCE index, rose by 4.2% in the year ending in July. This is the highest pace since January 1991.