Who said markets overshoot? Back in February, inflation expectations looked unhinged and investors were talking themselves into a state of panic. Every client meeting was dominated by talk of deflation and whether central banks were running out of ammo. Since then, sentiment has certainly improved. Equities rebounded from their lows and with US core inflation unexpectedly picking up, we are even hearing complaints that the Federal Reserve is falling behind the curve. So is this the end of the deflation scare? Click below to find out more.