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Below is a chart and brief excerpt from today's Early Look written by Director of Research Daryl Jones.

If you ship something globally, it has gotten very expensive.  But then again, we know this because every economic survey and corporate earnings report has emphasized these supply chain issues. 

Take the U.S. automobile market.  At the moment, as you can see in the Chart of the Day, domestic auto inventories on lots are literally as low as they have ever been.

CHART OF THE DAY: Domestic Auto Inventories Display Supply Chain Issues - dai