Despite the latest increase on #cpi, which may or may not indicate a change in the direction of prices, investors have decided, at least temporarily, that its not worth to bet on inflation, perhaps because they’ve seen how committed the #fed is to fight it. On its latest report on #etfs flows, BoA shows the biggest decline as percentage of AUMs over the last 4 weeks, on #tips (Treasury Inflation Prptected Securities), an instrument specifically designed to adjust with inflation. It also showed outflows from #energy related ETFs, which is probably the component that has contributed the most to the recent inflation spike . #financials are also at the bottom of the chart, indicating investors keep being concerned about the well being of the sector. If they’re putting their money where their mouth is, their money is on the fed side, along with “higher for longer”.
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