The unfortunate buzzword for 2022: inflation. Wherever you go, it has been hard to avoid this hot topic, as inflation has soared to heights not seen in decades, with the central bank eventually declaring it will do all that’s required to tame it. The combination of high inflation, attendant rate hikes and fears of a recession have also spooked the markets which have been on a downtrend for most of the year. With the August inflation reports due this week (CPI on Tuesday & PPI on Wednesday), the markets will be keen to find out the results.
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Allegiant Travel (NASDAQ:ALGT)
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