Inflation is front and center in the minds of investors. It’s enemy #1! Not only has inflation soared to heights not seen in 40 years, but both monetary- and fiscal-policy officials show little concern. Neither has yet to officially “act” to aggressively restrict unprecedented economic stimulus. Although the Federal Reserve is now promising to tighten soon, its balance sheet continues to grow, and it still hasn’t raised the fed funds rate. Similarly, despite surging inflation reports, congressional leadership and the president seem disappointed they cannot pass even more meaningful spending legislation.