Inflation has been one of the main drivers of market positioning in recent months, and a major driver of the recent correction in financial markets. However, can we say we are in a strong reflation period? Hardly. Continue reading Inflation Expectations Look Overblown
“One thing I’m sure of, I’m in the deep freeze, cold turkey has got me on the run,” John Lennon.
After more than 20 trillion dollars of incorrectly-called “stimulus”, the addiction to monetary laughing gas has generated what a predictable, and generalized, drop in stocks and risky assets. Predictable as it was, it caught many of us – I included- by surprise because financial repression leads us to chase momentum on the evidence that prices surpass even the most aggressive analysis.
See this short clip of my interview on the Oil and Commodity market.
We discuss: