Heads up on inflation

Do you think word has gotten out?

 

Christ that chart spans 20 years!

Take a look at the following. $GOVT is a US T Bond ETF. This is the 2-year chart. You can see the flight to bonds when CV hit, and a rotation out once they got it (somewhat) under control. We're back to 2019 pre-covid levels for T Bond demand.

Also check out the CPI chart (Source: Bloomberg)

So maybe we'll hear some hawkish language from Uncle Jerome at the June Fed meeting?

 

What is that chart of? My eyes are going bad in my old age. THanks.

 

It means that if you’re positioned for expecting inflation, you’re in the herd.

 

Excellent answer... thank you.

EDIT: Really excellent. An hour later and I'm still noodling on your comment.