Perhaps market reaction to inflation, and/or fears thereof, are commencing sooner than I thought.
Based on Powell's presentation yesterday, I was thinking we'll ride the wave until 2022.
Given the spectacular amount of liquidity with which they flooded the system, it HAS to happen. Perhaps the fear itself is enough to force issue. They say that wall street is always forward-looking... perhaps they're now looking past the Virus recovery.
References:
https://www.bloomberg.com/news/arti...from-inflation-fears-as-commodities-join-rout
Based on Powell's presentation yesterday, I was thinking we'll ride the wave until 2022.
Given the spectacular amount of liquidity with which they flooded the system, it HAS to happen. Perhaps the fear itself is enough to force issue. They say that wall street is always forward-looking... perhaps they're now looking past the Virus recovery.
References:
https://www.bloomberg.com/news/arti...from-inflation-fears-as-commodities-join-rout