Stocks & Bonds Bid On Week Amid Stagflation At Home, Tariffs Abroad, & Possible Peace

Everything was awesome apparently going into this week but the goldilocks narrative of solid-growth and 'trending lower'-inflation exploded with 'too cold' growth and 'too hot' inflation...

CPI and PPI both printed hotter than expected - inserting flashbacks to the 70s farce back into Powell's mind - but under the covers, traders' fears were somewhat assuaged by the fact that PCE components were less-flationary...