Since mid-June, the S&P 500 has been on a “bear market rally”. While proponents from the bull camp such as Tom Lee from Fundstrat who believes that the downtrend is over and the S&P 500 is on track to hit his year-end target of 4,800, other naysayers such as “ almost perma-bear” Jeremy Grantham, insist that the worst is yet to come amid “superbubble” cycle. One of the key drivers, in my humble opinion, which will continue dictating the direction of the market is inflation. This has been the buzzword over the past year. Everyone is talking about it and everyone seems to have their own conclusion to the all-important question. Has Inflation peaked? If I am to chime in and offer my 5-cent worth of view, I think it remains too early to pop the champagne just because the inflation figure has “moderated” from a sky-high 9.1% in June to (a still sky-high) 8.5% in July....