A “nominal surprise” forcing yields higher than expected at a time when investors have priced the financial markets for an ongoing sweet spot is a primary risk in 2018. Many have become complacent about inflation risk believing the link between wages and the unemployment rate has been severed and that global disinflationary forces are much more pronounced than they have been in the past.
For full access, please enter your credentials.
Not a Subscriber?
If you are interested in subscribing to The Leuthold Group, contact us online or give us a call at 612-332-1567.