CPI readings for May were pretty much in-line with consensus estimates. Trends continue to play out as if we’re in the last few innings of rapid YOY price increases. Inflation and a deflating asset bubble have led to atrocious real returns across all asset classes.
Jun
13
2023
Inflation: Looks Like Late Innings
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![Phil Segner / Sr. Research Analyst & Co-Portfolio Manager](https://leuthold.imgix.net/leutholdgroup.com/site_files/authors/DSC_3189_LR_Phil.jpg?h=150&w=150&fit=crop&fp-y=.15)