Wall Street’s Great Inflation Trade Is Peaking Across Assets
- Bond investors cut inflation hedges at fastest pace since 2013
- Wells Fargo’s Harvey calls end of great value rotation
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A tentative victory for a Federal Reserve under constant attack: Inflation bets on Wall Street are cooling from historic highs at long last.
Bond-derived expectations for price growth over the next decade are falling, the value stock boom is reversing and the industrial commodity supercycle is easing.