Reflation: The Beginning Of The End?

01/17/18 09:09AM EST

Editor's Note: Below is a brief excerpt and chart from today's Early Look written by CEO Keith McCullough. Click here to learn more about the Early Look.

Reflation: The Beginning Of The End? - Chart of the Day 1 17 18

Thinking about the beginning of the end of this edition of the “Reflation Trade”... 

  1. Headline Inflation (CPI) already rolled over on Friday (US CPI ticked down to +2.1% y/y from the cycle high of 2.7%)
  2. The comparisons for headline inflation only steepen in the coming 2 months
  3. The long-end of the curve is betting the Fed fades at 2 hikes on any redo of Reflation’s Rollover (MAR-AUG 2017)


Reflation: The Beginning Of The End? - early look

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