The question is asked:
“What’s your CPI forecast for tomorrow?”
To answer this question, the context matters. There is little in the way of debate. As we’ve outlined since the beginning of the pandemic (February 25, 2020), inflation has a specific trajectory.
Nothing that we’ve seen, either for the stock market or inflation, has been inconsistent with the extensive history of Plagues or Pandemics.
See Also:
- February 25, 2020 outline of Spanish Flu Pandemic
- Dow Performance: Spanish Flu vs. Covid-19
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