A key indicator shows we are past peak inflation fear, supporting the stock market rally

(CNBC) One of the biggest fears investors have faced this year is the threat that inflation could run amok and thwart the post-pandemic economic recovery. But over the past month, those fears have abated significantly, and a chart diagramming the trend could be signaling the next leg up in the stock market. A popular measure of market anticipation for inflation is the difference between Treasury yields and inflation-indexed bonds of the same duration.

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