US inflation rates for May have come in lower than anticipated, igniting a rally in both bonds and stocks. Headline CPI dropped by 10 basis points to 3.3% year-over-year, defying the expected 3.4%. Core inflation saw a 20 basis point decrease to 3.4%, against predictions of 3.5%. However, this positive trend could reverse quickly if geopolitical tensions drive energy prices up.
(Disclaimer: Yes, I know the data is rigged. But we have to deal with these numbers as 99% of market participants follow their lead)
Even bonds arent safe anymore.
They never were as they lost real value
I was always told old people buy nonds to retain their value
They buy them because they are propagandized
True.
They say you should put 20% bonds in your 401k.
I always thought that was bs.
You should never help financing the largest theft cartel of our society
401k?
Or bonds?
Both
Only 3.4% nice. Now my dollar is worth half as much in only 20 years....
Wait for the revised numbers. They like to get the favorable headline first and issue their corrections later.
Transitory!