Inflation is Good For Stocks

ZH: The Puke

FFZ2 is the December Fed funds rate. At 98.935, the market is pricing in four 25bps rate hikes and starting to price in a fifth. If inflation doesn't subside, the Federal Reserve would have to hike something more like 20 times. Investors will quibble abuot how many hikes it will take to pancake financial markets, the economy and commodities, but that isn't really an argument in favor of buying those assets before it happens.