Below is a chart and excerpt from today's Early Look written by Macro & Housing analyst Christian Drake.
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Could renewed peak inflation hope and the Quad 4 catalyzed backslide in both rates and the dollar support some reflationary price action given the locus of concerns and the current strength of macro correlation trades? Sure! Markets are exquisite discounting machines. But generally only when there’s a tractable understanding of what’s being discounted and when balance of risk can be reasonably measured and observed shifting. |
