"No Panic": Markets Surge As "Transitory Inflation" Narrative Reasserts Itself

zerohedge2021-05-13

It seems that the "non-transitory" inflation panic that gripped markets yesterday, resulting in the biggest one-day drop in the S&P since February, is gradually transitioning to "transitory" again, ...

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精彩评论

claratan
2021-05-14
claratan
Haha 😄
Avestor
2021-05-14
Avestor
Haha. Many are already panicking… Don’t youagree?
- AmosTeo:
  Yesssss
Glenna
2021-05-14
Glenna
tes
- AmosTeo:
  Yesssyesss
- Glenna:
  thx
Shirron
2021-05-14
Shirron
Chill and keep cool
- Ljoney:
  Chill
- Avestor:
  Ye…. Keep cool!
- Juneriq:
  how can be not panic....
pandajojo
2021-05-14
pandajojo
No panic, if u have the cash to hold.. Long term investing...
Kalllll
2021-05-14
Kalllll
Nice

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The Fed is focused on the labor market, believing that any transitory inflation can be weathered by Consumers.\" Some more from JPM:\n\nWhat is the Fed looking at (BLS)?US Market Intelligence thinks it is a combination of the unemployed (9.8mm; 6.1%), long-term unemployed (4.2mm, +3.1mm from Feb 2020), labor force participation rate (61.7%; -1.6% from Feb 2020), employment-population ratio (57.9%; -3.2% from Feb 2020), number of people not in labor force who want a job (6.6mm; +1.6mm from Feb 2020), and a new category “unable to work because their employer closed or lost business due to the pandemic” (9.4mm, down 2mm MoM, but this did not exist prior to Feb 2020; and, not all of these people are counted in unemployment measure). Finally, you have people “prevented from looking for work due to the pandemic” numbering 2.8mm which is -900k MoM; none of these people are counted in the unemployment measure.\n Combine these numbers and you see a US labor market that is more fragile than headline numbers suggest. This may be why we continue to see Fed speakers reiterate a data-driven approach.Conversely, this may also be why markets are now seemingly more sensitive to inflation. Commodity-based and COVIDinduced supply chain inflation may overlap with wage inflation, creating a situation where the Fed may have to act more strongly than what investors have witnessed previously.\n\nFor those asking \"how to monetize this line of thinking\" JPM recommends commodities and commodity-linked Equities, specifically Energy: \"consider both integrates like XOM and CVX, or XLE for general exposure. Further, refiners are a strong long play through 2021Q3, potentially longer, and would view VLO and MPC as the favored ways to play. In addition to that, inflation expectations are likely to pull yields higher, which benefit Banks.\"","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":198154390,"gmtCreate":1620948485210,"gmtModify":1634195129503,"author":{"id":"3573731928321338","authorId":"3573731928321338","name":"claratan","avatar":"https://static.tigerbbs.com/9c6bbdac9048ff2e4b740f272576e2be","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3573731928321338","idStr":"3573731928321338"},"htmlText":"Haha 😄","listText":"Haha 😄","text":"Haha 😄","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/198154390","repostId":1164877086,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":198158955,"gmtCreate":1620948290777,"gmtModify":1634195132819,"author":{"id":"3574810128035926","authorId":"3574810128035926","name":"Avestor","avatar":"https://static.tigerbbs.com/6f3c3d4807f1c348bda9590766e78f13","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3574810128035926","idStr":"3574810128035926"},"htmlText":"Haha. Many are already panicking… Don’t youagree?","listText":"Haha. Many are already panicking… Don’t youagree?","text":"Haha. Many are already panicking… Don’t youagree?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/198158955","repostId":1164877086,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4321414,"gmtCreate":1620954310349,"gmtModify":1635495739885,"authorId":3555020641484564,"author":{"id":3555020641484564,"idStr":"3555020641484564","authorId":3555020641484564,"name":"AmosTeo","avatar":"https://static.tigerbbs.com/a08231bce14a334357c9e989e087ac0f","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198158955,"type":1,"supId":0,"prevId":0,"content":"Yesssss","text":"Yesssss","html":"Yesssss"}],"langContent":"EN"},{"id":198187504,"gmtCreate":1620946989508,"gmtModify":1634195155335,"author":{"id":"3570769377369254","authorId":"3570769377369254","name":"Glenna","avatar":"https://static.tigerbbs.com/8cb1540811be40c4d05341502c35498c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3570769377369254","idStr":"3570769377369254"},"htmlText":"tes","listText":"tes","text":"tes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/198187504","repostId":1164877086,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4321406,"gmtCreate":1620954296914,"gmtModify":1635495740647,"authorId":3555020641484564,"author":{"id":3555020641484564,"idStr":"3555020641484564","authorId":3555020641484564,"name":"AmosTeo","avatar":"https://static.tigerbbs.com/a08231bce14a334357c9e989e087ac0f","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198187504,"type":1,"supId":0,"prevId":0,"content":"Yesssyesss","text":"Yesssyesss","html":"Yesssyesss"},{"id":4337452,"gmtCreate":1621084647740,"gmtModify":1635408968427,"authorId":3570769377369254,"author":{"id":3570769377369254,"idStr":"3570769377369254","authorId":3570769377369254,"name":"Glenna","avatar":"https://static.tigerbbs.com/8cb1540811be40c4d05341502c35498c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198187504,"type":1,"supId":4321406,"prevId":0,"content":"thx","text":"thx","html":"thx"}],"langContent":"EN"},{"id":198115235,"gmtCreate":1620946170427,"gmtModify":1634195166284,"author":{"id":"3580341549267327","authorId":"3580341549267327","name":"Shirron","avatar":"https://static.tigerbbs.com/df7d4c61495981213747b5b050907306","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3580341549267327","idStr":"3580341549267327"},"htmlText":"Chill and keep cool","listText":"Chill and keep cool","text":"Chill and keep cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/198115235","repostId":1164877086,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4319383,"gmtCreate":1620947289974,"gmtModify":1635495920569,"authorId":3581591015314710,"author":{"id":3581591015314710,"idStr":"3581591015314710","authorId":3581591015314710,"name":"Ljoney","avatar":"https://static.tigerbbs.com/8376cac12c1b661feac4d507eb1379e4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198115235,"type":1,"supId":0,"prevId":0,"content":"Chill","text":"Chill","html":"Chill"},{"id":4319641,"gmtCreate":1620948320258,"gmtModify":1635495897596,"authorId":3574810128035926,"author":{"id":3574810128035926,"idStr":"3574810128035926","authorId":3574810128035926,"name":"Avestor","avatar":"https://static.tigerbbs.com/6f3c3d4807f1c348bda9590766e78f13","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198115235,"type":1,"supId":0,"prevId":0,"content":"Ye…. Keep cool!  ","text":"Ye…. Keep cool!  ","html":"Ye…. Keep cool!  "},{"id":4319977,"gmtCreate":1620949433759,"gmtModify":1635495866983,"authorId":3566969992567848,"author":{"id":3566969992567848,"idStr":"3566969992567848","authorId":3566969992567848,"name":"Juneriq","avatar":"https://static.tigerbbs.com/2ddc6553edddfa241ccd2e6cf2419f1f","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198115235,"type":1,"supId":4319383,"prevId":0,"content":"how can be not panic....","text":"how can be not panic....","html":"how can be not panic...."}],"langContent":"EN"},{"id":198118079,"gmtCreate":1620945919591,"gmtModify":1634195169443,"author":{"id":"3578965435978206","authorId":"3578965435978206","name":"pandajojo","avatar":"https://static.tigerbbs.com/7efe44a2514d987c5a8b342b85d6f229","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3578965435978206","idStr":"3578965435978206"},"htmlText":"No panic,&nbsp; if u have the cash to hold.. Long term investing...&nbsp;","listText":"No panic,&nbsp; if u have the cash to hold.. Long term investing...&nbsp;","text":"No panic, if u have the cash to hold.. Long term investing...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/198118079","repostId":1164877086,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":198102520,"gmtCreate":1620943396560,"gmtModify":1634195188915,"author":{"id":"3575187662973652","authorId":"3575187662973652","name":"Kalllll","avatar":"https://static.tigerbbs.com/79cdea0e5b00873b55af6be3c8af95c9","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3575187662973652","idStr":"3575187662973652"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/198102520","repostId":1164877086,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":41,"commentSize":12,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1164877086"}