- The Great Rotation is underway.
- Gold closes the month with its highest monthly close since August 2020.
- Headline PCE has biggest rise in 13 years.
- Core CPE has biggest rise in 25 years.
- Rent rises 5.4%. Food rises 28%.
- Traders waking up to reality that inflation is bearish for the dollar and bullish for gold.
- JP Morgan risks their clients’ investments to collect their fees.
- Government budgets are just optimistic wishlists.
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