Gold Mining Stocks Breakout From Long Downtrend Share Share This past week, the financial media was ripe with one guru after another calling for the market to correct to the tune of anywhere from 5-20%, citing peak earnings comparisons, rising inflation data and the inevitability of the Fed walking back its stance of no rate hikes until 2023. To the naysayer’s credit, recent economic data would suggest that upcoming inflation data will confirm what worries the market most — sudden spikes that rattle the bond market. The preferred measure by the Federal Reserve of core inflation in the United States is the change in the core personal consumption expenditures price index (PCE).