Q4 2019: Global Macro Inflation/Reflation Trade Gaining Steam by the Day

October came and went. It’s now November 5th with holiday (and Wall Street bonus) season directly ahead along with the 1 year anniversary of the Christmas Eve massacre in which the machines puked and reversed the market. This morning long-term yields are up, yield curve is up, inflation expectations are bouncing and stocks are up. Bonds are down and the risk ‘on’ backdrop is dragging … Continue reading Q4 2019: Global Macro Inflation/Reflation Trade Gaining Steam by the Day