Economist David Rosenberg believes that the bond market will streamline the rising inflation and warns against increasing output prices.
- Rosenberg believes inflation is as a result of constrained demand and supply due to the corona pandemic.
- On Friday, the 10-year Treasury Note yield closed at 1.45% its lowest since March.
- Rosenberg is optimistic the rising inflation will flatten. “Growth should reclaim leadership over value in the stock market,” – economist said.
- The Rosenberg Research president said he believes in more bullish action in BTC, however he doesn’t own any Bitcoin so far, considering it as a volatile and speculative asset.
SPY is up 0.059% on pre-market
EURUSD is up 0.10%