Cyclicals prosper and yields soar after solid US data - Newsquawk US Market Wrap
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Source: zerohedge.com
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ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
The Fed paused on interest rate hikes last week.
"If we apply -0.20% for used cars, May Core CPI would be 0.09%. That is a 1% inflation rate for core," Fundstrat's Tom Lee said.
The Cboe Volatility Index (VIX) has dropped to around 13.65, near its lowest levels since before the Covid-19 pandemic began in 2020.
Fundstrat sees inflation tracking below consensus based on real-time measures of CPI, and that inflation is nearing the Fed's long-term target of 2%.