Stagflation Trade Is Roaring Back in S&P 500’s Month of Pain
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The stagflation trade is standing out in a month where almost every stock benchmark and thematic index are weakening.
Sectors across the US and Europe that are more exposed to inflation risks, such as consumer products and real estate, have seen their equities under pressure, dragging the S&P 500 down more than 4% so far in April. By contrast, a rally in oil prices have boosted the stocks of energy companies.