This pullback in the market off the morning’s highs is again being led
by the three most important groups in my opinion when analyzing the
state of the US economy, retail, housing and financials. The weakness
last week was also led by these three groups while at the same time the
reflation trade outperforms, helped by the US$ weakness. The implied
inflation rate in the 10 yr TIPS is up for a 4th day, 21 bps over that
span, to 1.69%, the highest since late Sept ’08.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.