The issues are what will happen to inflation if a recession or depression. Prices of certain products will go down, but with continued shortages imo of commodities how much if any will they drop?
There is also the possibility that at some point sooner that later if the bond market is to be believed, the fed will start cutting regardless of inflation. We could have rates back down to zero or below.
A retest of the lows sounds right from a technical standpoint and then a rocket shot?
With the fed tinkering anything can happen. Makes investing in bonds a crapshoot.
aurum