Morgan Stanley has reduced global growth expectations for 2022. They say that it will be very difficult to achieve pre-2020 growth due to hyperinflation and rising interest..
Markets will read many things into today's inflation data. Is it the peak, is it coming down, is it still streaking .. ? The 10 year note has seen its yield back below 3% so someone believes inflation has peaked.
As empires reach their “blowoff” stage, not only is debt-funded war mongering a key theme, but market overvaluation is ignored… and sometimes worshipped.
Inflation data highlights the week with that at the Retail level on Wednesday, then that for the Wholesale level come Thursday. And some highlighted upside Gold grind against stocks' decline would be most welcome!
My long-term forecast has called for a 3.24% top in the U.S. Ten-Year Note. On Friday the rate hit 3.13%, just an inch from the target. The rally has been so ferocious that I double-checked..
