Excerpt from today's Early Look written by Hedgeye CEO Keith McCullough:
But there’s a really important Macro Strategist out there who currently agrees with our now-cast. His name is Mr. Market. This is how he read yesterday’s US inflation data and the Fed’s hawkish stance:
This shouldn’t surprise anyone who uses our #process the way they should. The top-end of the @Hedgeye Risk Range on the UST 10yr Yield is currently 3.01%. On the #InflationAccelerating news (that the market has been discounting for 9-10 months), bonds were flat.
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