CHART OF THE DAY: Did Someone Say Commodities Are Priced In US Dollars?

10/01/21 07:54AM EDT

Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough. 

Commodities (as in the CRB Commodities Index) just inflated to another new Cycle High of 228 yesterday and obviously means we have what the bond market is signaling (breakout in yields) on at least the INFLATION part of the Quad in Q4

Which, of course, begs THE question on whether I am going to be right or wrong on the US and European Equity Asset Allocations for #Quad2 in Q4. If I am wrong (i.e. the real growth data slows, from here, instead of #accelerating vs. Q3)…

CHART OF THE DAY: Did Someone Say Commodities Are Priced In US Dollars? - 10 1 2021 7 49 52 AM

© 2021 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.