S&P 500 shook off another record making inflation reading, and bond markets couldn‘t be happier. Volatility is back down, but the option traders turned cautious – that‘s fodder for the next upswing eventually. Many signs are pointing towards it – emerging markets rising with the dollar on the defensive, for example. Yes, the dollar with yields are key to watch now. Q1 2021 hedge fund letters, conferences and more S&P 500 was led higher by Nasdaq, which more than welcomed further retreat in yields. The tech led rally is here, and value while not down and out, is taking a breather. Especially fi…

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