“Inflation is about to reaccelerate hard as a massive supply shock collides with the loosest financial conditions in 15 years, and the Fed is sitting on its hands.”
“They've misjudged what neutral is, where it is. And as such, they have reinvigorated those aspects of the economy. And we see inflation pick up in a material way prior to the war. Core inflation on a 3-month annualized basis running about 4.4% prior to the war.”
Prices are point-in-time snapshots from the named provider. The verdict compares the return since entry against the band above.