Access the Powerpoint slides of this month’s ET Pro monitors here.
Access the PDF version of the ET Pro monitor slides here.
Access the underlying Excel data here.
- Similarly to every other major topic we consider, Inflation narratives faded in both cohesion and attention in October.
- Any inflation narrative exists almost wholly within political world as opposed to market world – for example, we continue to see election season-related rhetoric surrounding health care, housing and education inflation which continues to have only tangential relationship to market discussions.
- The continued decline in sentiment appears to be related to these political inflation discussions.
- Still, our conclusion from last month remains: a low attention narrative structure with very high fiat news and historically negative sentiment strikes us as one with higher than average asymmetry – especially in context of the strong common knowledge around central bank omnipotence.
Narrative Attention Map
Fiat News Index
Income inequality on the rise in Texas [Houston Chronicle]