10-year inflation swaps surge with the market; ALERT: Inflation-adjusted S&P 500 is severely overextended.
10y inflation swaps jumped with the market Make inflation great and middle class poorer again pic.twitter.com/skURIoF9md — Alessio (@AlessioTMAD) November 7, 2024 ALERT: Inflation-adjusted S&P 500 is very over-extended This also happened in: – 1913– 1929– 1965– 1999 Some of them were strong melt-ups But the market eventually fell With at least a 60% drop …