On the Road to Reflation

(1) Unprecedented policy stimulus boosting cost pressures. (2) Bond Vigilantes getting set to ambush policymakers on the road to inflation. (3) Yellen and Powell say they have “tools” to fight inflation. (4) Powell sees “transient” inflation coming this spring. (5) Williams say stock market valuations are fine and dandy. (6) Three regional price surveys showing more inflation in the pipeline. (7) Copper leading commodity price rally. (8) Copper tracks inflationary expectations proxy. (9) Extraordinary growth in monetary aggregates. (10) S&P 500 winners and losers if inflation makes a comeback.