"No Panic": Markets Surge As "Transitory Inflation" Narrative Reasserts Itself
May 13th 2021 10:35am EDT
“No Panic”: Markets Surge As “Transitory Inflation” Narrative Reasserts Itself It seems that the “non-transitory” inflation panic that gripped markets yesterday, resulting in the biggest one-day drop in the S&P since February, is gradually transitioning to “transitory” again, and even though today’s y/y PPI print of 6.2%, the highest on record, reaffirmed the soaring prices […]
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