Reply To: Traders Market Weekly: Bears Squeezed in Bonds, Stocks and Currencies


The key takeaway from the report isn’t singular. It is manifold:

(1) The report helps validate the peak inflation view.
(2) The report is apt to compel the Fed to take a less aggressive rate-hike approach at the December FOMC meeting.
(3) Some encouragement will be borne out of the understanding that the shelter index (computed with a lag) contributed more than half of the monthly all items increase, suggesting price increases moderated in many other areas.