.jpg){kind=avatar}
This week’s inflation prompted the market to do exactly as it should: bond yields fell and stock prices rose, with rate-sensitive stocks rising the most. But the scale of the moves was out of whack with what actually happened.
“In fundamental terms, this is a much slower [economic] cycle,” in the sense that interest rates have yet to cause a big growth slowdown.
More posts by Samantha Wulfson
