Before we get to higher inflation,market update

Stoxx 50 +3.4%,Dax +3.6,Cac +3.1% Mib +3.25% ,Spoos +1%,Russell +2.5%

Inflation crepping higher and that is A good thing as Dis- Inflation or even deflation worries pushed aside.Higher inflation=Good for stocks

EZ 5y5y Inflation swaps ECB favored Inflation metric pressing higher
US 2 year inflation break-even rate up through Zero (HORZ line) and trending higher
US 5 year break even trending higher as well
10 year yields breaking out of sideways range to upside with a print of.75% markets pricing in a roaring economy with Inflation heating up.What pandemic What Riots??

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