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With our COVID-crippled economy reopening, people are out spending again. But businesses haven’t rebuilt their inventories or workforces, and thus can’t keep up with surging demand. Nor can their suppliers, so nearly everybody in this shortage-plagued economy is passing along price increases. The unlike the '70s, this bout of inflation is unlikely to persist.

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LENOX — When the pandemic hit, did you stay in or get out? Renaissance Investment Group clients stayed put. In 2020, that made all the difference for Renaissance clients, who, based on the recommendation of their advisers, remained invested in the stock market through the lows of March, when the coronavirus lockdowns began.