In our 2024 "10 surprises 2024" (see link below), we had surprise #6: "What if inflation rises again?"
The idea here was that inflation could experience a second wave similar to that seen in the 70s and 80s. And this would lead inflationary assets (e.g., cyclical stocks) to catch up with deflationary assets (e.g. technology stocks). Below an uopdate chart (courtesy of HZ on X) taking into account yesterday's US cpi print... Has a second inflationary wave begun? https://lnkd.in/eDPyFa_9
Yesterday was very painful for diversified 60-40 (equities / bonds) portfolios
Source: Bloomberg
If technical analysis works on this chart, the yen might see considerable more weakness againt dollar in the coming weeks...
Source: Ole S Hansen
The Federal Reserve's next move might be to raise interest rates warns Former Treasury Secretary Larry Summers.
Source: Barchart
JP Morgan and BlackRock were given insider information about Wednesday's inflation numbers by the Bureau of Labor Statistics 🚨
Source: Barchart
US inflation continues to rise, with no decrease in sight according to Zerohedge.
Since January 2021, inflation has not fallen in a single month, leading to an overall increase of 19% in less than four years. Additionally, the US has not seen a year-over-year inflation print below 3% in 36 consecutive months. The Fed's 2% target has also been surpassed for 37 straight months. This compounding inflation may have long-term impacts on the economy. Source: The Bobeissi Lezzer
The diagram below sums up well the demand case for silver in today's environment.
Source: Otavio (Tavi) Costa
The Bank of Japan (BOJ) has a real problem now as USDJPY surged up to 153 - a fresh 34-year-low for the yen against the dollar and below the level at which the BoJ last intervened...
Source: Bloomberg, www.zerohedge.com
