The million dollar question: Will the "Fed pivot" that we go...
The million dollar question:
Will the "Fed pivot" that we got last week trigger a 1970s style return of inflation?
It seems that risks of another spike in inflation are risking, driven by higher prices on housing, labor, services and goods.
In the chart below, it's clear that inflation is following the same exact path seen in the 1970s.
All while markets are now pricing-in 6 rate cuts in 2024, DOUBLE what the Fed is guiding.
A return of inflation would destroy consumer confidence. $ProShares UltraPro Short QQQ ETF (SQQQ.US)$ $ProShares UltraPro QQQ ETF (TQQQ.US)$
Will the "Fed pivot" that we got last week trigger a 1970s style return of inflation?
It seems that risks of another spike in inflation are risking, driven by higher prices on housing, labor, services and goods.
In the chart below, it's clear that inflation is following the same exact path seen in the 1970s.
All while markets are now pricing-in 6 rate cuts in 2024, DOUBLE what the Fed is guiding.
A return of inflation would destroy consumer confidence. $ProShares UltraPro Short QQQ ETF (SQQQ.US)$ $ProShares UltraPro QQQ ETF (TQQQ.US)$
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