This is a followup to this year-on-year inflation chart idea posted back in June 2022: The YoY US Inflation rate has been on a trend of going down since it tested the 1.414 PCZ of the Bearish Butterfly above, but recently we have seen the MoM rate slow its descent and form a bottoming pattern with MACD Hidden Bullish Divergence at the 200-Month SMA and now we...
Pretty clear that TLT trades opposite inflation. The governments and central banks of the world are all trying to kill inflation.
Chart to illustrate the oil prices as a leading indicator of month over month inflation rates. Inflation statistics mirror oil price action with a lag of about 1-2 months. "Federal Reserve Chair Jerome Powell said in his semiannual testimony before the U.S. Senate Banking Committee in March 2022 that, as a rule of thumb, every $10 per barrel increase in the...
The market didn't bottom until 91 days AFTER the Fed reversed course and Inflation didn't revert to normal until much later.