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It's politics...U Mich inflation surge solely political divide. Rep see +0.1% vs Dems see +4.2%... Yup

Equity markets are under selling pressure due in part to a solid jobs report (actually a good thing) and intensified by a "really hot" U Mich consumer inflation survey reading with a surprise rise to +3.3% (1-yr) from +2.8% last month:

This U Mich data point intensified selling of equities and pushed rates higher because this suggests that US consumers are expecting accelerating inflation.- Jan U Mich 1-yr 3.3%- Dec U Mich 1-yr 2.8%- Nov U Mich 1-yr 2.6%- Oct U Mich 1-yr 2.7% However, as the da...

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