In case you hadn’t heard, Commodity prices are soaring. The CRB Commodities Index has practically doubled over the past year.
And while sure, many assets are up a lot over the past 12 months, it’s the fact that the Commodities Index is above the 2016 lows that makes it a big deal for me. Same with interest rates. If the US 10yr Yield and CRB Index are above those lows, then inflation is here baby!
Get used to it.
We’re seeing it across the intermarket landscape.
And speaking of landscape, did you see the Global Timber & Forestry Index breaking out to new all-time highs? [Read more…]