Stocks on Wall Street have plummeted across the board after a highly anticipated inflation report and consumer sentiment survey produced shocking results. The May Consumer Price Index (CPI) report by the U.S Bureau of Labor Statistics surprised experts with a rapid rise in prices due to inflation, and bad news from the…

More and more strategists and Wall Street firms are turning bearish on the financial markets as the sharp selloff in stocks continues. Stock market bears are claiming victory after anticipating a correction. Over the last week, the leading benchmark indexes have plummeted. On Monday, analysts at Morgan Stanley, including Michael…