And while JPM has long been in the "transitory" bandwagon, the bank's strategist Andrew Tyler admits that in a crack to the party line, his view "is that we’ll see inflation expectations continue to move higher over the summer, as we see improving macro data (NFP, CPI, PPI, and Retail Sales the most topical)."
To help investors formulate their own inflation expectations - especially amid rising strains on the global supply chain created by COVID - he presents out the following charts:
LAD vs. KMX vs. IYT vs. SPX
ISM vs. CPI vs. PPI
ISM vs. 5Y BREAKEVENS vs. 5Y5Y INFLATION SWAPS