The biggest theme that's been playing out since Wednesday's policy statement is that Wall Street doesn't seem to believe we have an inflation problem. Areas that would normally perform well in an inflationary environment are absolutely falling apart. Gold (GLD) is one of the biggest hedges vs. inflation and the GLD has been trounced since 2pm Wednesday, tumbling more than 3% on Thursday alone. The U.S. Dollar Index ($USD) has had one of its
best 5-day stretches in recent memory. Inflation eats away at the dollar, so watching the dollar soar gives me comfort that inflation will be kept in check. If inflation isn't a problem, then interest rates can remain low for an extended period of time and that clearly benefits growth stocks. Enter Enphase Energy (ENPH) and the renewables ($DWCREE):
