I posted on article a week ago about the parallels with 1966...

I posted on article a week ago about the parallels with 1966 period when inflation took off after a long period of very low inflation due to wage pressures. https://hotcopper.com.au/posts/27579834/single

I think the market is hugely vunerable to wages and hence CPI increases, hence interest rate increases surprising on the upside. After a decade when central banks pushed asset prices sky high, wages flat lined, wealth inequality is at extremes, why wouldn't there be comeback of labour over capital to rebalance.

If the market starts to believe wage increases and inflation is coming through, then the macro trend has changed and that's a potential catalyst to crash this market. Timing is always the issue, but this wage pressure idea just adds to my view we're in the endgame now of this recent market phase.