"As we have highlighted in recent commentaries, the widely watched challenges such as a sluggish economy, falling home prices, and rising unemployment are all lagging indicators of stock market direction. One of the key factors we are watching to assess the sutainability of the stock market rally over the past couple of months is the outlook for inflation. The year-over-year pace of inflation, excluding energy and food prices, remains in line with the 10 year average and in the middle of the 2-3% range it has been for the past three years".

To see the rest of this Commentary from LPL’s Jeff Kleintop, please click on the link below: