VTI - SPY: Resurgent Inflation Soaring Yields Geopolitical Turmoil - 1970s All Over Again?

2024-04-18 08:00:00 ET

Summary

• The equity market has remained fairly resilient despite resurgent inflation and soaring treasury yields.
• There is a risk of stagflation similar to the 1970s due to growing conflict in the Middle East.
• The SPDR® S&P 500 ETF Trust looks ripe for a correction due to high valuations and impending liquidity withdrawal.

Introduction

In the face of resurgent inflation and soaring treasury yields, the equity market as represented by SPDR® S&P 500 ETF Trust ( SPY )] has remained incredibly resilient so far in 2024 - holding on to massive gains from the Oct-23 to Mar-24 surge higher....

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