Oil is up from two years ago. Whoopie. here’s the fact, even with oil at $70/bl, US business could still drive a profit. Oil and energy is down from that point.
Employment earnings are stable.
Housing is STABLE. Down a percent or two is noise and given 20% appreciation, is trivial.
The Fed is supposed to blow the horn on inflation, it’s a future threat, but stable. It isn’t run away, it is getting pushed by commodities. It’s manageable. Which is exactly what you want with inflation.
