Late last night the latest US inflation figures dropped, coming in at just 0.1 per cent for the month.
Core inflation was a bit stickier, as expected at 0.4 per cent.
There's all the usual debate about decimal points, and whether a further rate hike may eventuate.
But as the great Stanley Druckenmiller once said, you should invest for the way the world is going to be 18 to 24 months from now, rather than the way it is today.
Headline inflation has dropped from 9 per cent to 5 per cent so far, and markets suggest that inflation will continue to fall ahead, followed by interest rates.
