Inflation is lingering around, meaning U.S. economic data continues to support our view that there is little urgency for the Fed to ease policy as swiftly and aggressively as bond markets have been pricing in.

The first and most important point in this analysis is: just because forward returns could be lower in the future does not mean investors should stay out of the equity market. Instead, a period of lower price returns demands greater care by investors in order to reach return goals.

There is more than meets the eye to sector performance within the S&P 500. This week’s Weekly Edge takes inspiration from John Hughe’s iconic film The Breakfast Club to identify strong and weak trends underneath the surface of sectors.