Etsy Stock: Bull vs. Bear
The most recent consumer price index reading from the U.S. Bureau of Labor Statistics put inflation at 9.1% in June. Inflation hurts e-commerce stocks as demand for their goods will likely decline as the consumer's purchasing power dwindles.
With inflation taking center stage this year, Etsy (NASDAQ: ETSY) has dropped nearly 72% from its all-time high. So should investors now be bullish or bearish on the stock? Motley Fool contributors Jamie Louko and Parkev Tatevosian present both sides of the argument.
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Source Fool.com
