Breadth Broadens as Inflation Heats Back Up
It was a decent week. Markets continue to work their way higher, and more importantly, breadth got better, with more stocks participating both here and, increasingly, around the world. The bigger story is inflation: CPI, PPI, and import and export prices all came in hot, which tells us a second wave may be building. That […]
Lower Oil, a New Fed Chair, and Positioning for Reflation
