2min chapter

The Macro Trading Floor cover image

Why Is Powell Ignoring "Animal Spirits"

The Macro Trading Floor

CHAPTER

Is the Resurfacing of Inflation Making Sense?

I've said it over and over this week that I think the re acceleration that we see inflation now is a bit different to what we've seen in 2021 and 22 since it has clearer links to wage formation. And therefore, it is not necessarily as bad for the average consumer that inflation is resurfacing. So I guess you could use that as an excuse to buy consumer discretionary stocks, for example. They never need an excuse outside of, I don't know, telling you to stay poor. You heard Stanoye is a Tesla boy because Tesla represents a decent portion of consumer discretionary basket if I'm not mistaken. There you go. It's all very well saying he doesn't drive Tesla

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