18.05.2022
This is important
Lower inflation expectations, bond yields, commodity prices plus sell-side surveys suggesting cyclicals like Industrials & Materials are where an increasing number of short positions reside. None of these are moving in a straight line but turning points can often be a process rather than a single, clean event.
All the above speak to markets’ increasing focus on downside risks to economic growth rather than fears of inflation. In that context, this chart is important.
All the above speak to markets’ increasing focus on downside risks to economic growth rather than fears of inflation. In that context, this chart is important.
