People hate the word "transitory" because they naturally believe a couple of years wouldn't qualify under it. Yet, supply shocks historically take that much time and the current one we are experiencing is following that pattern very closely.
People hate the word "transitory" because they naturally believe a couple of years wouldn't qualify under it. Yet, supply shocks historically take that much time and the current one we are experiencing is following that pattern very closely. What matters now, however, is what comes next. The data not only confirm the supply shock, it also holds a serious warning as to the next step.
This material has been distributed for informational purposes only. It is the opinion of the author and should not be considered as investment advice or a recommendation of any particular security, strategy, or investment product. Investments involve risk and you can lose money. Past investing and economic performance is not indicative of future performance. Alhambra Investment Partners, LLC expressly disclaims all liability in respect to actions taken based on all of the information in this writing. If an investor does not understand the risks associated with certain securities, he/she should seek the advice of an independent adviser.
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