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Wholesale Price Growth Slows In Welcome News For Battered Bonds
Good news for the melancholic, inflation fatalists among you (I should say "among us" considering I
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Too many known unknowns. Let alone unknown unknowns.
The real question is how much room is there for bonds to move down in the event that CPI is bad tomorrow. If there’s not much more room for them to move down, while there’s certainly plenty of room for them to move up, then this is indeed a knife worth catching. That said, markets are so jumpy, illiquid, and leveraged, that I suspect risks are more evenly balanced–that there is actually plenty of room on the downside. To the extent that would certainly represent an overshoot, after the print would be the perfect time to buy the dip. Of course if CPI comes in mild, the professionals will guarantee that it’s far too late to buy the rip.
No gamble no future.
A headline on Marketwatch:
Market Extra
Stock investors brace for possibly the ‘most important inflation reading in recent memory’