The bounce off the early lows in the stock market yesterday had little to do with the thought that the inflation data was not as bad as it originally seemed. If that was the case, the bond market would have been a lot more. So, inflation is definitely a concern right now.
The “high for longer” theme on interest rates is having a negative impact on the housing stocks. If they fall much further, it’s going to raise some key questions about this key economically sensitive group.
