...Tavi is an inflationista (if there is such a word), we better...

...Tavi is an inflationista (if there is such a word), we better hope he's wrong.

...there is some prospect that the Fed, being data dependent, may not pivot/cut this year. And the markets could be in for a big wake up call then.

Agricultural commodities are now up 21% annually.  

That has a 3-month lead on CPI.   A second wave of inflation is emerging.

https://x.com/TaviCosta/status/1773114398262882410?s=20