TLT - Consumer Sentiment Is Collapsing Because Of Inflation Not Pandemic Fears

• Consumer sentiment collapsed 13.5% since July, the third biggest fall on record next to October 2008 and April 2020. The current read of 70.8 is below the April 2020 trough.
• Mainstream financial media is trying to paint this as pandemic fears, but that makes little sense. If it was pandemic fears, inflation expectation would be falling, but they're not.
• Historically, collapses in consumer sentiment immediately preceded spikes in official price inflation statistics, which means a big push higher in the inflation rate may be imminent.
• The Fed may be about to lose control of the inflation narrative, and commodities - led by the precious metals, should start to lead the market rather than second guess any possible tapering moves lower.

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