Friday, October 29, 2021

Inflation Will Continue to Rise and Persist Amidst a Flattening Yield Curve

The last time Harry Melandri of MI2 Partners was on the Daily Briefing, he urged people to sell their Euro Dollars due to high inflation and a strengthening economy. 

Those factors continue to prevail, and Melandri says he expects inflation to soar higher and continue to apply pressure. 

Naked Wines, an online wine retailer in the U.K. that ships monthly wine subscriptions throughout the U.K., U.S., and Australia, bubbled up 30% after hedge fund manager Glen Kacher unveiled it as his fresh pick on CNBC’s “Halftime Report” show. 

Weekly jobless claims filings dropped to a new pandemic-era low of 281,000, indicating a steadily recovering labor market. Interviewed by Maggie Lake.