Stagflation Needs a "Wonderwall" - Macro Market Update by Les Parker

3-31-2026 Stagflation Needs a "Wonderwall"

--------------------------

And all the roads that Iran walks are winding.

And all the lights that lead them there are blinding

Price action in currencies, commodities, and energy anticipates long-term safe passage through the Strait of Hormuz.

Bonds like a sidelined Fed. But no one likes the inflation consequences of sustained Oil prices, and their drag on growth. Stagflation gains popularity.

Expect an attack on 4.52 in the 10-year yield. However, a drop in May Crude Oil to 90 pushes the bears back into the 4.40-4.10 range.

Trump’s our Wonderwall

These views are mine. Join TMSpotlight and discover your Wonderwall.

-------------------------------

Song: Wonderwall (1995) Oasis