With the preamble that cash is the best position as risk rises (which it is doing as the market bounce continues and VIX sinks further) and that the FOMC is…
Just for perspective, ref. Michael Ashton’s post about the CPI and inflation. He is a specialist in inflation-sensitive investments and makes the interpretation of inflation and inflation expectations his business.
The FOMC is meeting tomorrow and it is always risky to speak in definites when such a potentially market roiling event (one way or the other) is in play. But a few things are happening in inflation sensitive markets that should be watched.
First, as we noted in an NFTRH+ update yesterday, Treasury yields are rising. Here is the 10 year in a bullish looking pattern.