From Nasdaq:

1. The Biden administration celebrates a victory over inflation, but economist Peter Schiff dismisses this as a wishful thinking. He warns of a major breakdown in long-term Treasuries and rising oil prices.

2. The benchmark 10-year Treasury note yield peaked in late October 2023 at 5.021% and has since decreased. Bond yields have increased, leading to a rise in bond prices.

3. Crude oil prices are rising, supported by strong economic fundamentals and supply constraints amid Red Sea skirmishes. Peter Schiff questions claims of decreasing inflationary pressure and potential stock market risks.

4. Economist Peter Schiff predicts that inflation will persist, contradicting claims of waning pressure. The stock market is at a record high but may face risks, while the Fed may continue its hawkish stance and inflation is still expected to rear its head.

5. The iShares TIPS Bond ETF ended Thursday’s session down 0.08% at $106.48, reflecting concerns about inflation. Economists fear a potential downturn due to successive rate hikes’ lagged impact.

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Read more: Peter Schiff Flags ‘Big Risk’ For Stock Market’s Record Run, Warns Of ‘False Belief’ About Inflation War