Fresh from the Trading Room: Inflation Strikes Back?
The opinions expressed in this report are those of Inspirante Trading Solutions Pte Ltd (“ITS”) and are considered market commentary. They are not intended to act as investment recommendations. Full disclaimers are available at the end of this report.
Executive Summary
In the final report of 2024, Inspirante delves beyond seasonal upswings like Santa Rally to focus on regime changes driven by major forces at play, uncovering opportunities within bond yields and agricultural commodities.
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Upcoming economic events (Singapore Local Time):
The Fed and Bank of Japan (BoJ) will have their last meetings of the year. Investors should watch out for any surprises that may move the market due to the thin liquidity seen in holiday seasons.
Markets in focus
Figure 1: U.S. Core CPI YoY (Monthly)
It’s premature to dismiss a resurgence of inflation under Trump’s second term. The 1970s stand as a historical reminder, with inflation rebounding sharply after an initial decline.
Figure 2: U.S. 10-year Treasury Yield
