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Slowing Inflation Isn’t Good for All Stocks. The Challenge That Tesla and Others Could Be Facing.

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Inflation may have peaked, which could be bad news for stocks that have benefited from higher prices.

It has taken time, but the market has finally coalesced around the idea that inflation won’t get hotter and could eventually fall back to a level more acceptable to the Fed. Friday’s strong payrolls data complicate the matter—wage growth is still rising at a 5% clip—but doesn’t change the fact that after peaking at 9% in June, the consumer price index slipped to 7.8% in October and is expected to fall to 7.3% in November. That reading is due Dec. 13, one day before the Fed announces its next monetary-policy decision.

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