The US January PPI increased by 0.5% month-over-month and 2.9% year-over-year, while core PPI rose by 0.8% month-over-month and 3.6% year-over-year, all significantly surpassing market expectations. The core year-over-year rate hit the fastest pace in nearly a year. As a result, the three major US stock indexes opened sharply lower on February 27. The previously released December core PCE price index for the US also reached a new high in nearly a year. Inflation concerns are heating up again. What’s your take on the recent performance of the US stock market?