Inflation, in addition to the effects on government bonds (the US ten-year T Bond saw the yield soar over 2%), frightens the equity world. Although not at all in the same way. Proof? Today’s stock market trend offers it. At 2.30pm, when the US consumer price index for January was released, there was a flinch among investors. Estimates indicated an increase of 7.3% on an annual basis. Inflation was higher: + 7.5%.
In a flash, on the one hand, futures on Wall …
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