THE NEW EXTENDED "W" REALITY
Why investors need to focus on both demand and supply-shocks when forecasting future economic performance
“The economy is sagging worse than the Leafs in the playoffs. The sugar-high is wearing off.” - bond-bull recapping the past month’s trading activity.
“Inflation refuses to decline. Economic release after economic release shows that price increases are not as transitory as Powell & Co. believe.” - bond-bear’s interpretation of the same past month.