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.

  • Robert Lloyd, CFA

The Market Is Voting Deflation

So far, the market is voting Deflation: higher bonds, higher dollar, weaker commodities and higher tech.

There is a potential for inflation to continue at higher rates, but we'll need to see some dramatic Congressional spending along with lots of bank lending. Neither of those developments are sure things as of today.

My personal view is that we won’t see a replay of 1970s-style inflation without the banks participating by increasing lending. The indications from the cash market https://www.linkedin.com/posts/robertlloydcfa_economics-markets-activity-6815295549076447232-CloW and bank lending market https://www.linkedin.com/posts/robertlloydcfa_economics-markets-activity-6809158538120744960-2MLY indicate that cash is getting parked at the Fed and broad bank lending trend is declining.

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.

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