Is The Reflation Trade Facing A Wile E. Coyote Moment?

Is The Reflation Trade Facing A Wile E. Coyote Moment?

For markets, some trepidation crept in as the curtain closed on Inauguration Week in the US. After what might fairly be described as a "melt-up" (while acknowledging that's a totally made-up term with no universally agreed upon definition), equities have seemingly "paused." Friday's headlines were rife with disconcerting virus news, from a targeted lockdown in Hong Kong to a dismal spate of data out the UK, where COVID tightened its grip late last year, courtesy of a more transmissible variant
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One thought on “Is The Reflation Trade Facing A Wile E. Coyote Moment?

  1. A handful of un-homed people in my city were left with no choice but to move into another park. This park they have started pitching in now is in a neighborhood where the homes go for $1.5M and up. I suspect these new residents are overflow, i.e., the other parks, and nearby wooded areas, are at peak occupancy.

    This is a depression.

    I don’t know. Seems like maybe a good time to pick up a little TLT and sell XLE. Sold COPX and REMX a couple of weeks ago. I couldn’t imagine having to manage other peoples’ money in this environment.

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