Will the Nascent Inflation Pulse End Perfect Fall? After being beat down a couple of weeks ago inflation is on an untick. I've been picking up an inflationary pulse from GCC and GLD:FXY. With growth as a given, inflation turns fall into spring. My spring bonds are JNK and TBX, with JNK being the colder spring and TBX the hotter. When spring really heats up SJB will beat out JNK.