XLC - The Inflation Fiddler Is Climbing To The Roof Dragging Yields With It

March, 17 2021 12:29 PM The Communication Services Select Sector SPDR Fund

For many decades, there was a long-standing, traditional, link between the economy and monetary policy. That link got broken in 2008, and it hasn't fully recovered ever since.
We've already got used to living with stocks that are trading way ahead of the economy, but can we live with yields that are trading way behind the economy?
It seems as if the Fed's Powell has made his mind, keeping the official monetary policy intact, while allowing/hoping for yields to do the "dirty job" for him.
Higher growth rate, higher inflation, higher yields, even a rate hike on the horizon. The macro landscape is changing fast, and we must adjust rapidly.

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Company Name:	The Communication Services Select Sector SPDR Fund
Stock Symbol:	XLC
Market:	NYSE