LOCKED MI2 Trader: Fading Reflation

Judging from year-end price action, 2024 is set to be a Goldilocks year, in which a combination of continued solid nominal GDP, falling inflation, and accelerating real growth delivers positive returns across assets. Moreover, if recent market moves are to be believed, we stand on the cusp of a new reflationary cycle. Thus, as we returned to our desks, we’ve decided to kick the tires of a few charts to see if recent moves have legs in Q1.