SPDR S&P 500 ETF (ETF:SPY), Vanguard Value ETF (ETF:VTV) - Why The CPI Inflation Number Was Not 'A Bearish Gamechanger' For Stocks
Share: The SPDR S&P 500 ETF Trust (NYSE: SPY) took a big hit this week after the U.S. Labor Department reported a 4.2% rise in CPI for the month of April, the highest inflation reading since 2008. The big inflation number spooked investors who are concerned the $6 trillion in COVID-19 stimulus could trigger hyperinflation, but Sevens Report Research’s Tom Essaye said Thursday the headline inflation number may not be as bad as it appears at first glance. Digging Deeper: Essaye pointed out that a deeper dig into the April inflation number reveals airfare, used vehicles and lodging prices w...