"EPHEMERAL" INFLATION

The shape of the inflation swap curve will be the story for the rest of 2021

Yesterday morning, as I booted up my trusty trading turret, I thought something must be wrong. It looked like a Quentin Tarantino movie. My quote screen was covered in red. It was tough to find a single asset that wasn’t getting clobbered.

Spooz - down 50 handles.

Bitcoin - down $10,000.

Gold - down $15 (but not for long).

Oil - down $3.

Heck, even bonds w…