Brace for economic data to be ‘extremely messy’ for awhile, and roughly 2% Treasury yields by year-end, say these market pros

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Expect 'extremities and confusion' in economic data over the new few months as the economy works through supply and demand imbalances, says David Zervos,...

That’s why investors should buckle up for more shocks over the next few months of economic data, particularly after April’s consumer-price index rose at a surprisingly sharp 4.2% yearly pace, the fastest since 2008.

After a selloff earlier in May, the main U.S. stock indexes were on pace for weekly gains Wednesday, with the Dow Jones Industrial Average DJIA, +0.03% advancing 0.3% by midweek, the S&P 500 index SPX, +0.19% up 1% and the Nasdaq Composite Index COMP, +0.59% 2% higher, in part as inflation concerns have ebbed.

One of the challenges in this recovery, she said, is getting “labor back in the door,” particularly since some people left jobs for personal reasons, including to protect their health or to take care of parents or children, when school classrooms shut.

 

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This white old daddy from wisconsin just thinks majority of the Americans still drink milk and eat bread daily. 😂😂😂

Oh RonJohnsonWI Didn't other guy put tariffs on competitive dairy products from gr8 country/ally Canada? Oh yeah, & didn't WI Dairy (maybe others) literally flush fresh milk down ditches of WI bemoaning lack of sales? You taking wrong lessons from Joe McCarthy & Grassley

horrible

Whenever a Democrat gets in power the economic data is “extremely messy.”

We also have the largest transfer of wealth in history on the horizon $gme $amc

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