Bond market now is leading and showing disinflation, Fed, like always, is faaar behind the curve and will need to bring down rates when the us labor market gets into even deeper trouble. This could happen in Q1 2025?? IdK when but it will happen. Then You'll see a credit driven deflationary crash in nearly all asset classes, the fiat pumps will be running hot and so on. But social volatility is clearly on the rise. That worries me more by the day