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Mar 01 2021

What Matters Is The “Mix”

  • Mar 1, 2021

Inflation fears have justifiably ratcheted higher in recent weeks. The expected inflation rate embedded in the bond market (i.e., the 10-year breakeven rate) surged off a low last March to more than 1% above the 10-year Treasury yield. Industrial commodity prices have reached their highest levels since 2011, and the price of crude oil—tripling from year-ago levels—is now higher than before the pandemic.


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About The Author

James Paulsen / Chief Investment Strategist