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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For further details see:
SPY: Resurgent Inflation, Soaring Yields, Geopolitical Turmoil - 1970s All Over Again?