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Albert Edwards: Inflation Trade at Breaking Point

byAdvisorAnalyst
July 8, 2021
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by Albert Edwards, Société Générale

The unravelling of the inflation/reflation trade has accelerated over the past week. US 10y bond yields continue to decline and have now broken a crucial technical level. This could see the rally accelerate sharply, and with it, the continued unravelling of cyclicals and commodities.

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