The market pretty much ignored the inflation number which came out last week, with the CPI hitting 5%. Then last night, well-known hedge fund billionaire Paul Tudor Jones gave an interview to CNBC, highlighting that the Fed could give the green light to ALL-IN on inflation products pretty soon. He also hinted that hedge funds could be short commodities and that could result in a short squeeze spike by the reddit traders once again.
More importantly, the Yantian port closure is having a massive impact on global trade at the current moment and that could well be the catalyst to drive up global inflation ahead.
Check out the video for what Paul Tudor Jones is hinting!
See also our other videos on inflation
- Is inflation going to be transitory? What are some tools to hedge against inflation?
- Inflation at 5% in May: Transitory or a structural problem
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