In an inflationary environment, the US Stock market will likely go up due simply to the value of each dollar going down, meaning that a given amount of economic

In an inflationary environment, the US Stock market will likely go up due simply to the value of each dollar going down, meaning that a given amount of economic value delivered results in more dollar profits and more dollars in the stock price. So, you could have a losing investment economically even though the prices went up! Imagine what the last 10 years of S&P 500 would be indexed to growth in your favorite money supply index.