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You have to be in it to win it, as the old lottery come-on goes. What the buzz these days seems to be more about is striking it rich by trading penny stocks, options, and especially cryptocurrencies, even though the Mega Millions and Powerball lottery combined jackpots are closing in on $1.5 billion.
Bullish sentiment, as depicted by Citi’s Panic/Euphoria gauge, is nearly off the charts. It’s also reflected in the surge in bullish call-option buying, which registered the second-highest volume on record on Thursday, Doug Kass,.
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You have to be in it to win it, as the old lottery come-on goes.
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Rising inflation expectations aren’t likely to kill the stock rally. Here, the scene on the New York Stock Exchange floor on Wednesday. NYSE
Inflation expectations have leapt recently amid the promise of more federal pandemic stimulus and the Federal Reserve’s reiteration of easy-money policies, but the stock rally that kicked off last spring appears primed to power through such concerns.
The 10-year break-even rate or the gap between yields on Treasuries and comparable Treasury inflation-protected securities jumped to just above 2% to start 2021 from just below that level and have risen sharply since early November. Since Jan. 5, just before the Georgia Senate runoff results showed the Democrats would take control of the Senate, Treasury yields have spiked. That’s because the Democrats’ plan for more fiscal spending to support the economy may cause some inflation. Market-implied 30-year break-even inflation rates could
The consumer-price index rose 0.4% in December compared with November, as Americans contended with higher gasoline and food costs along with a rise in coronavirus cases across the country.
The consumer price index rose 0.4% in December on a seasonally adjusted basis but core prices, which exclude the volatile food and energy categories, were up only 0.1%.
Inflation Expectations in Europe Rise to Highest in Over a Year
Hopes around the rollout of Covid-19 vaccines and accommodative central banks are boosting price forecasts
A shoe shop offering discounts during the winter sales in Seville, Spain. Photo: Maria Jose Lopez/Contacto/Zuma press By Jan. 13, 2021 11:49 am ET
European inflation expectations are rising as investors anticipate ongoing easy monetary policy and a global economic rebound boosted by U.S. fiscal spending.
The closely watched 5-year 5-year forward inflation swap rate for the euro area rose above 1.35% Tuesday, the highest in over a year. It continued to hover near that level Wednesday. The metric shows an average expectation for price increases over five years.