The Big Picture | 5-14-21 | Intermarket and Macro Analysis

In this week's installment of The Big Picture, Neil dives into inflation data and his outlook for inflation over the next few months, this week's market volatility and sector rotations.

Key Takeaways:

- We look to be hitting the worst of the near term inflation data with Y/Y comparisons to the worst of the deflationary pressures brought to us by the Covid-19 fallout last year.
- Inflation expectations are more likely to cool off once we get past the PCE data later this month
- Growth/Tech stocks should have a major headwind removed if/when inflation expectations cool

00:00 - Intro
01:00 - US Equities
03:40 - ^VIX volatility
04:55 - NASDAQ and ^VXN
07:55 - Small Caps
09:50 - Inflation data and expectations
10:00 - Consumer Price Index (CPI)
12:15 - Producer Price Index (PPI)
13:45 - Supply Chain Disruptions
15:00 - Inflation Expectations and Fed Monetary policy
22:15 - Sector Rotations
24:00 - Action Items
26:25 - Outro

#IntermarketAnalysis #Macro #StockMarket #Investing