Scott Ruesterholz | Source | Portfolio Manager at Insight Investment

"While inflation is high, it likely is at or near its peak," said Scott Ruesterholz, a portfolio manager at Insight Investment, in a report.
"We will be looking to see if volatile categories that have driven much of the recent surge in prices, like rental cars, hotel rates, and used cars, shows signs of moderation," he added.

The fact that the modest reopening seen in February led to such a strong rebound in leisure employment is an encouraging sign that payroll growth should accelerate materially over the next quarter as the pace of reopening picks up amid mass vaccination.

We are entering a phase where the market needs constant affirmation that the Fed is committed to not tapering.