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Inflation Isn’t the Stock Market’s Biggest Problem. Here’s What Is.

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Everyone’s afraid of inflation. Investors should be afraid of the bond market instead.

Rising prices got much of the blame for the stock market’s bad week. On the surface, that seems like a reasonable stance. The S&P 500 index declined 0.3% this past week, while the Dow Jones Industrial Average fell 0.6% and the Nasdaq Composite dropped 0.7%.

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