This website uses cookies to ensure you get the best experience on our website


18th Feb 2021
Dalmas Ngetich, for CryptoAltum News Team

Stocks and Indices Retracts on Inflation Concerns

Wall Street is subdued following economic data revealing a sharp rise in retail sales on Feb 17. Inflation risks and traders cautious from making big bets before the FED minutes were released in the late N.Y. session saw indices and stocks recoil. Still, worries about inflation may be far fetched since inflation readings were underwhelming, crashing the greenback and lifting the stock market.


Fears of coronavirus temporarily takes a back seat as traders focus on inflation, the labor market, and the stimulus package. There are tell-tale signs that inflation might rise after retail sales reading surpassed expectations, rising to 5.3 versus 1.1 percent, an improvement from -1 percent over the last month. While the FED might keep interest rates unchanged in 2021, a "hot" market might see that wait time reduced, impacting the stock market accustomed to cheap money.

Impact on indices: 

Neutral. The stock market is vibrant and even overvalued, according to analysts. Rising inflation may see stocks retrace from their peaks, forcing a correction in major indices since the FED could raise rates to keep inflation in check.

More market news over on our Blog

Risk Disclosure: Trading cryptocurrencies or any other financial instrument involves a significant level of risk and may result in a total loss of your investment. You should consider carefully whether investing in Bitcoin or any other instrument offered by CryptoAltum is appropriate to your financial situation. CryptoAltum only accepts deposits in Cryptocurrencies. By trading with CryptoAltum you acknowledge your understanding of this risk disclosure and your agreement with the Terms and Conditions.

This website is not directed at any jurisdiction and is not intended for any use that would be contrary to local law or regulation.

CryptoAltum does not accept any clients under the age of 18. 
  • Copyright Techcraft Ltd (CryptoAltum) 2020