This is a chart of inflation protected bonds (TIP) divided by the 7-10 yr T Bond ETF IEF. The difference between the two products is that the first contains an allowance for inflation, so this is a chart of inflationary expectations. I like the clean 5 waves up from the 2016 low, perhaps an inflationary third wave is in the offing. We'll know pretty soon.
interesting, take a look at the daily CRB, is that a 1/2, i/ii and another i/ii with a iii of 3 dead ahead? we see
Senor