From beverage manufacturers to luxury goods: How pricing power trumps inflation

However, the last few months have presented investors, and companies, with a new set of challenges stemming from the invasion of Ukraine and China's zero-Covid policy. This is feeding into rampant and more persistent inflation, a more aggressive US Federal Reserve, rising bond yields and worries about slowing global growth. These factors paint a worsening outlook for the pace of corporate earnings growth in the second half of 2022. Over the last two years, we have seen a disconnect between the economy and the stock market. Stocks have done well, the S&P 500 was up 27% in 2021, yet the...