Let’s see, where do we start with the crazy?
Looks like people are going to go ahead and read the CPI print as further evidence that “Goldilocks” is alive and well.
U.S. FEB. CONSUMER PRICES RISE 0.2%; CORE INDEX UP 0.2%
It says a lot about how uninspiring a given day truly was when the biggest news involves Larry Kudlow.
Trade banter and CPI. That is all. Or at least all we know.
Well, what can you say about this week?
Headlines aplenty and a man on fire.
Ok, let’s just step back for a second and take stock of everything that’s happened in the past 72 hours.
“And you would think that this might be bullish for bonds, but no, far from it. A Central Bank that is not willing to invert the curve and take the economic hit from forcing a recession is a bond investor’s nightmare. After all, apart from default, inflation is the absolute worse thing out there.”
Days like today are always amusing to the extent they bring out the Don Quixote in people.
This is not going to be for the faint of heart.
Well needless to say, this was not a particularly inspiring week.
“Do not be surprised if a very adverse reaction by financial markets forces the administration to reconsider the tariff proposals.”