Central Markets by Robert Lloyd, CFA

The information contained herein has been obtained from sources believed to be reliable, but the accuracy of the  information cannot be guaranteed. All opinions and outlooks are subject to change.

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Inflation isn't trending towards "transitory"

Maybe not "transitory" after all, Chairman Powell? The current score is Inflation 5: Fed 0.



We've been following 1 year and 2 year inflation readings and they aren't very flattering. Both are at multi-year highs and indicate there is some sustainability to higher inflation regardless of the cause (Fed, supply chain, Covid, etc.)



The Fed has 2 mandates: promote low inflation and full employment. Apparently, these are mutually exclusive goals. So, aside from the misery inflation causes the consumer, this topic is important because eventually the Fed will react to high inflation.


That script is well known to all grey-beard participants in the markets and it isn't pretty: no QE, higher interest rates and volatile markets.


Robert Lloyd, CFA®

Chief Investment Officer

Lloyds Intrepid Wealth Management

Lloyds Intrepid LLC is doing business as Lloyds Intrepid Wealth Management. Lloyds Intrepid LLC offers investment advisory services in the State of Texas where registered and in other jurisdictions where exempted. Registration does not imply a certain level of skill or training. Lloyds Intrepid LLC and its advisers do not provide legal, tax or accounting advice. Lloyds Intrepid LLC formulates retirement plans, investment strategies, portfolio construction and investment due diligence for clients with signed investment advisory agreements with us. The information contained herein has been obtained from sources believed to be reliable, but the accuracy of the information cannot be guaranteed. All opinions and outlooks are subject to change.


© 2021 Lloyds Intrepid LLC

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