Chart projects 24-month rolling stock/bond correlations for different scenarios of average ten-year trailing inflation from 2021 to 2031. According to our research, 2% average ten-year trailing inflation would result in a 24-month rolling correlation of negative 0.27; 2.5% average ten-year trailing inflation would result in a negative 0.14 correlation; 3% average ten-year trailing inflation would result in a 0.25 correlation; and 3.5% average ten-year trailing inflation would result in a 0.36 correlation.