Jim Bianco joins the Daily Briefing to make sense of the massive rout in long-dated Treasury bonds

Bianco connects bond market indigestion to that lingering question around inflation, and hazards that industrials and financials will fare the best on a relative basis. Bianco and Harrison look at the Fed Fund futures, which indicate that the market is pricing in a rate hike. They also discuss the outflows out of the series of ARK innovation ETFs.