Gone for Good

Inflation rate
Inflation rate
The Buzz
Inflation rate

In this buzz: Fed tightening, inflation, the war in Ukraine, prospects of a recession and more…

The Shins were singing of romance but the question the markets face is whether inflation and/or the summer equity rally are to be no more. After a stellar six weeks or so, risk assets gave up the ghost to end last week and start this one as a host of factors: Fed tightening, inflation, the war in Ukraine, prospects of a recession took the shine off of stocks.

Start of the week:

  • Traders took the opportunity of the SPY getting back to around 430 last week to cash in some of their chips and wait for the market to dip to deploy capital.
  • PIMCO thinks the days of low inflation are in the rear-view mirror,
  • AMC is getting pummeled as concerns around solvency make the rounds
  • and a college kid made $110 million trading Bed Bath and Beyond.

How it happened: His family’s office put $25 million into the stock and pitched it out before it crated but do details really matter nowadays?

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