US inflation last month looks like it was above expectations and the market barely reacted compared to last month when the results were better. In my opinion it is a great example of the craziness "Mr Market" and a case for just focusing on the companies that you are investing in.

Links below have the current figures and items. I still think it may be a supply side issue but interestingly many food related items increased significantly this month. The graph looks like inflation is starting to go exponential, this months figures will be important. As per above doesn't really change how I invest but I think you do need to be mindful of what the market is thinking especially with regards to your index type investments.

I think inflation causing a rate rise is the most likely risk that could trigger a sell off of equities. Interested on others opinions about what you see as the largest general risk at the moment?