CHART OF THE DAY: Did You Go Long Commodities in June 2020? (We Did)

As a reminder, #Quad2 is when both real GROWTH and INFLATION are #accelerating at the same time. With Commodities inflating, big time again in October, last week’s minor correction in Oil did not change the obvious Global Inflation TREND:

1. CRB Commodities Index was flat last week and has inflated +4.5% in the last month
2. Oil (WTI) corrected -0.2% last week and has inflated an impressive +12.2% in the last month
3. Corn inflated +5.6% last week taking its OCT #inflation to +5.4%
4. Wheat inflated +2.2% last week taking its OCT #inflation to +8.8%
5. Cotton inflated +4.7% last week taking its OCT #inflation to +10.4%
6. Oats inflated +9.4% last week taking their OCT #inflation to +24.9%