Everyone knows inflation metrics greatly understate what is going on in the real world. And everyone knows the Fed knows this as well.
I see mounting inflation concerns, an improving job situation, and value beating growth.
There's a split growing at the FOMC as to just how transitory the current burst of consumer level inflation actually is.
We see increasing rates as a positive tailwind for the future growth of these names.
Here's a challenge to the bond bear thesis.
But will that be the case by the fall?
The worries about inflation have been forgotten, and now we have the Nasdaq back at a new all-time high.
While sorting out the Fed's words on inflation and rates, let's chew through some intriguing setups in these two names.
Let's check out the Treasury bond ETF for the latest clues.
The market is trying to sort out what higher inflation and interest rates will mean going forward.