We are back to an environment where “good news can be bad news and bad news can be bad news,” noted Chief Strategist Elizabeth Burton in an interview on Fox Business Network that covered markets and investment risks and opportunities.
“Businesses may not be seeing it, but the bond market is telling you that they think inflation [is] coming,” she added. “Look at what's happening in yields today: we're at 4.7 on the 10-year. So I think that the bond market is saying, ‘you don't seem to be fixing inflation; so if you're not going to fix it, we're going to put a higher premium here for you.’”
