It might not seem like it after today’s inflation numbers out of Europe, but global CPI is likely peaking
Equities become ever less relatively attractive in elevated inflation regimes. As happened in the 70s, this may prompt a large rebalancing from stocks - at record overweights today - to bonds
With the market finally doing the Fed’s work and helping, not hindering, tight monetary policy, peak Fed hawkishness is near
Whether the Chancellor goes or not, the bar is high for the Bank of England to deliver on the well over 300 bps of rate hikes expected
The Fed pivot the market is expecting looks vulnerable if inflation doesn’t soon start coming down hard
If rates rise as projected, UK mortgage repayments are poised to jump to the levels of the financial crisis
