Your browser is currently set to block cookies. Not all features of our website will work as intended. Please turn on cookies or check if you have another program set to block cookies to allow full website functionality.
Macro Minutes: Inflation and the 3-Month Rule
- Today’s inflationary conditions are most likely short-term, associated with the re-opening of the economy.
- Inflation can be an end-of-cycle indicator, but we doubt that is the case today because many other bear market indicators are missing.
- If we are wrong and more bear market conditions begin to develop, losses tend to be minimal early in bears.