SPY Bond yields continued higher this morning as the June personal consumption expenditures (PCE) price index matched forecasts. Core PCE, t

SPY Bond yields continued higher this morning as the June personal consumption expenditures (PCE) price index matched forecasts. Core PCE, the Fed's favorite inflation gauge, increased 3.3% annually. Still way above 2% Central bank inflation target. I think the bond market genuinely fears inflation. Warsh said yesterday the economy was good. This morning, gross domestic product (GDP) growth slowed to a weaker-than-expected 1.5% in Q2. - per Cramer Investing Club Newsletter