Mr. Toad took a wild ride this week… only to end up just about where he started. Massively unchanged.
Volatility has collapsed back down toward 20, but don’t think for a second that that means the fun’s over. I’m going to show you some hijinks in the bond market that point to even more turbulence ahead.
Most of all, I’m sweating the CPI number that should be coming out next week. If that number is too soft… Hoooo boy - look out below. Combine that with expectations of a rate cut and traders could find themselves in a street fight for the rest of the summer.
It doesn’t have to be all heartbreak, though - here’s what you can do about it…