As last week wore on, it felt increasingly like the market was transitioning from pricing inflation risk (from a ‘brief’ energy supply shock) to weighing a demand-shock-driven growth scare (from a longer lasting disruption) as bonds rallied in the face of higher oil and lower stocks (stagflation).
“Green-Dot Sunday” Is Non-Negotiable: Oil Up, Stocks Down As War Begins 2nd Month
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