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Trader who predicted inflation pain now sees an end to persistent price gains: ‘This round is over.’

Not many people in financial markets can claim to have nailed the U.S. inflation story back in 2021, but Tim Magnusson of hedge-fund firm Garda Capital Partners is one of them. He sensed the U.S. was about to move away from decades of low inflation, and now he’s making another bold call.

Magnusson, chief investment officer of the Wayzata,…

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