6.22.26 Stagflation Needs a "Wonderwall"

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And all the roads that Iran walks are winding.

And all the lights that lead them there are blinding

Price action in currencies, commodities, and energy anticipates long-term safe passage through the Strait of Hormuz.

Bonds like a sidelined Fed. But no one likes the inflation consequences of sustained Oil prices, and their drag on growth. Stagflation gains popularity.

Expect an attack on 4.52 in the 10-year yield. Trump’s our Wonderwall

These views are mine. Join TMSpotlight and discover your Wonderwall.

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Song: Wonderwall (1995) Oasis