Inflation, Expectations, and More Stiffs
We should begin the discussion this morning with a word (OK, several, then…) about inter-market arbitrage. Europe is “in the shitter” and Dow futures +77 after blowing-off a record high Monday. Fancy-talk. But the long and short of it is that in today’s massively inter-wired world, you can’t look at markets singularly. They all interact. … Read More