Surging Inflation Sparks Hawkish Spike In Rate-Hike Odds, Stocks Sink

Surging Inflation Sparks Hawkish Spike In Rate-Hike Odds, Stocks Sink

This morning’s shockingly hit CPI print (on top of yesterday’s record PPI) has sparked a rapid repricing in STIRs. And just like that, all of Powell’s dovish jawboning has been erased….

Sending real-yields to fresh record lows (as breakevens spike)…

And that has – for now – sparked selling in stocks…

How long before we are reassured by some talking head that this is all still transitory?

Tyler Durden
Wed, 11/10/2021 – 08:56

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