History Said This Sentiment Level Spells Turbulence. So it did.
Markets may feel relief today, but the real disruptions could still lie ahead. Despite the recent rally and now better readings in incoming model data, sustained high oil prices will sooner or later take their toll in full.
We observe that producer price inflation is experiencing an uptick year-over-year, suggesting that pipeline pressures are building up, while market-based measures of inflation expectations are quietly edging higher as well.
Download the full report to see where we are in the cycle and how to position your portfolio for the volatility ahead.
