Commodities inflation - beyond transitory
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BCOM is currently printing highest levels since mid 2015. Oil is a huge driver today, but we have soybeans, corn etc also surging today (extending the squeeze from yesterday).
So BCOM at new recent highs, and Citi's inflation surprise index in parabolic mode.
Soft commodities have gone almost parabolic over past sessions. Unless you and and drink your coffee there is no inflation...
Anyone for the transitory logic?
So BCOM at new recent highs, and Citi's inflation surprise index in parabolic mode.
Soft commodities have gone almost parabolic over past sessions. Unless you and and drink your coffee there is no inflation...
Anyone for the transitory logic?