Coffee Prices Go Gangbusters, Fed Says Eat an iPad

Takeaway: That cup 'o joe is gonna cost you.

Approximately 100,000,000 Americans drink coffee. Every day. That’s a lot of latte macchiatos. Unfortunately, for coffee lovers looking to get their fix, prices are rocketing higher.

 

Just yesterday, coffee prices spiked another 7%. That brings coffee’s year-to-date gain to over 90%. (No, that’s not a typo).

 

Coffee spot normal

 

Incidentally, historical pattern-search trend analysis from Eidosearch this morning ranks CME coffee futures (KT) as the most bullish 1-month set-up of any market-level indicator.     

 

Coffee normal

 

No worries. The Fed says to go eat a REIT or an iPad. 

 

Coffee usd table normal

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Coffee prices 04.21.2014 normal

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