As the U.S. Bureau of Labor Statistics is about to release July's Consumer Price Index (CPI) data, the market is increasingly concerned about inflation trends.Recently, stagflation (Stagflation) risk is again clichéd as one of the main risk factors.The emergence of this phenomenon not only affects the economic growth expectations, but also has a far-reaching impact on investor sentiment and market strategy.Stagflation is the phenomenon where slow economic growth coexists with high inflation.Historically, the most recognizable example of stagflation occurred in the 1970s, when the U.S. experienced the double whammy of high inflation and high unemployment.Currently, the U.S. economy is facing similar challenges, with rising inflation and slowing economic growth raising market concerns about