Inflation shocks similar to the 1970s crisis are coming in waves and pose a risk to market stability

"Despite this rally, concerns over a slowing global economy, persistent inflationary pressures, and lingering geopolitical risks continue to cloud the outlook."

"The gains came despite continued worries about high inflation, the war in Iran and the possibility of a bubble in stock prices driven by excitement around artificial-intelligence technology. Analysts warned that more volatility could still lie ahead."

"the firm's broader view that the US is headed for a series of inflation shocks — bursts of pricing pressures that could mirror the inflation crisis in the 1970s... Inflation appears to be coming in waves"