Great Inflation Trade of 2021 Takes a Back Seat on Wall Street
- Value trade posts worst week since September as tech recovers
- Inflation positioning remains far from crowded: JPMorgan
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Wall Street’s great inflation trade is losing steam, judging by a slew of cross-asset signals and where all the investing billions are actually going.
With reflation strategies again playing second-fiddle to the crypto volatility and meme stock mania, stable Treasury yields helped the tech-heavy Nasdaq 100 outperform the Dow Jones Industrial Average by the most in seven weeks.