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Big Whale Trading
📈 Michigan's 1-year inflation expectations just jumped to 4.6%, up from 4% last month
And the 5-year reading climbed to 3.4% — the highest in 4 months
That's two straight signals that consumers don't think this inflation story is over
The Fed's usual answer is to hike aggressively, the way it did in 2022 $BTC
But here's the problem nobody wants to say out loud
US long-term yields are already sitting at 19+ year highs, and total debt has passed $40 Trillion
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