The Last Two Times This Hit, Stocks Dropped 20% and 50%, Respectively

zerohedge2021-05-13

In our last article, I outlined how the rise in inflation has slammed Tech stocks lower. By way of a quick review, Tech, as represented by the NASDAQ is highly sensitive to inflation on an inverse ...

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LEEQX
2021-05-14
LEEQX
[Serious]
Cccccccccccc
2021-05-14
Cccccccccccc
U
- Lalalanana:
  Ok
elite
2021-05-14
elite
Please help to like and comment
- 木吉蒂:
  done
gemini_lydia
2021-05-14
gemini_lydia
Pls like and comment
- 木吉蒂:
  done
SherryYo
2021-05-14
SherryYo
Test
SherryYo
2021-05-14
SherryYo
Test post

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And if bond yields rise as a result of inflation, bonds become more attractive as an investment, taking away from the appeal of Tech.\nAs I noted yesterday. as inflation entered the financial system in 2020 and began to accelerate in 2021, Tech stocks have struggled. You can see this in the chart below (red rectangle).\nSo, we know that Tech is going to struggle going forward as inflation heats up. But what about the broader market like the S&P 500? Will it collapse too?\nTo figure that out, let’s take a look at the last two inflationary scares in the U.S.\nThe most recent scare occurred in 2010-2011. At that time, the Fed was pretty quick on the uptake and decided to allow its QE 2 program (the cause of the inflationary spike) to end.\nThe Fed then waited several months before introducing any new monetary programs. And when it did introduce one, it didn’t involve money printing (instead the Fed used the proceeds from Treasury sales to buy long-date Treasuries through a process called Operation Twist). This was a kind of stealth tightening.\nStocks didn’t like this, collapsing nearly 20%.\n\nBear in mind, that was a relatively minor inflationary scare. During the last legitimate inflationary storm in the 1970s-1980s.\nDuring that mess, the Fed was forced to be MUCH more aggressive with its tightening, embarking on two aggressive tightening schedules. It’s worth noting that this triggered two SEVERE recessions (shaded areas).\n\nThis IMPLODED the stock market, resulting in a roughly 50% decline over the course of 18 months.\nSo, what will it be this time? Will the Fed engage in a stealth taper as was the case in 2011… or will it tighten monetary policy aggressively as it did in the 1970s and 1980s?\nWe’ll address that in our next article.\nin the meantime, we just published a Special Investment Report concerning FIVE secret investments you can use to make inflation pay you as it rips through the financial system in the months 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