Loading ...Strong CPI
I posted yesterday to watch today’s CPI it came in stronger than expected +2.3%
That’s bad for Bonds as the yield is now further into negative territory on a inflation adjusted basis. They are now nothing more than guaranteed confiscation of capital.
Very good for Gold!
Good Call Goldtooth
Inflation is being allowed to take root despite all the rate increase chatter.
https://ycharts.com/indicators/us_core_inflation_rate
My guess is when it the Fed feels it’s time (or that they are compelled to) reign it in – forces outside the US will negate or at least complicate those efforts (Yuan deval?) which will further roil markets. A floor is basing in the PM’s.