One thing needs to resolve itself now that higher-for-longer inflation is becoming the consensus.
There was a time when we would see a headline cross, then watch for the tape to move. Now, we see the tape move and then look for the headline.
It's one reason for maintaining a neutral near-term outlook for equities.
I've yet to see an asset or sector that is wildly underweight in portfolios fail to deliver going forward.
In response to the Evergrande situation, look for China to further its domestic focus at the expense of its global focus.
This payroll result should be a reminder that just because there aren't a lot of new legal restrictions doesn't mean consumers won't change behavior.
Ahead of Jackson Hole, the Fed knows QE is doing more harm than good.
As Jackson Hole approaches, here are my views on tapering, rate hikes and the markets.
With so many questions around inflation, COVID, the Fed, and stimulus and policy, it's hard to determine what will happen in the rates market. Here's my take.
Decide what you think the inflation story is going to be and position accordingly.