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macro & strategy Members 4 min read

Persistent Inflation and the Bifurcated Economy

The April PCE report confirms what the many already suspect: inflation is not retreating. Headline PCE rose to 3.8% year-over-year, the highest since May 2023. When inflation persists at these levels for half a year, it stops being transitory. But I'm optimistic that the economy keeps growing.

May 28, 2026 by Joe Zidle

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macro & strategy Members May 26, 2026

Cyclical Bull, Secular Realist

The market has re-found its footing, and the bulls have the ball right now. While the cyclical backdrop remains constructive, the arithmetic of valuation tells a different story for medium to long-term investors.

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macro & strategy Members May 21, 2026

The Relationship You Thought You Could Count On

The last couple of weeks were a reminder of something the market learned painfully in 2022: the stock-bond relationship is not as reliable as you think. This is not a new observation. But knowing something and actually feeling it in a portfolio are two different things.

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macro & strategy Members May 19, 2026

Earning Patience

Incoming Fed Chair Kevin Warsh may want to begin with patience. The harder question is whether the Federal Reserve he inherits will allow it. Sticky inflation, market repricing, and internal dissent force him to validate a hike bias even if his instinct is to hold steady.

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ZidleMSG is not a registered investment adviser, broker-dealer, or fiduciary. All content is independent macroeconomic research and commentary, published for informational purposes only. Nothing on this website constitutes investment advice, a solicitation, or a recommendation to buy, sell, or hold any security or investment product. ZidleMSG does not manage assets, execute transactions, or provide personalized investment advice. Advisory engagements are limited to macroeconomic research and commentary and do not constitute an investment advisory relationship under the Investment Advisers Act of 1940. Consult a qualified financial professional before making any investment decision. © Zidle Macro Strategy Group. All rights reserved.

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