Peter Boockvar on commodity costs…
Right here’s an replace on commodity costs. The CRB uncooked industrials index closed yesterday at just below a ten yr excessive. The CRB meals index closed at an 8 yr excessive.
CRB Uncooked Industrials Index
CRB Meals Value Index
Josh right here – Inflation safety is on everybody’s minds proper now. It’s the topic we’re getting essentially the most questions on internally and it appears to be the driving power behind a few of in the present day’s most in-demand funding merchandise. I feel this factor is simply getting began.
Low charges and the shopping for of belongings by the Fed labored its magic within the inventory market and the housing market during the last yr. However at a sure level, it ideas. After which individuals begin specializing in the prices of all this stimulation. Not prices by way of the federal government paying for it. Prices by way of what it prices you to reside your life and run what you are promoting. After which, earlier than you recognize it, it turns into much less enjoyable.
JC and I talked about copper vs gold and different commodity charts yesterday, which you’ll watch under:
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