CHART OF THE DAY: #Quad1 Disinflation

12/13/21 07:51AM EST

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

That last point is one of the more particularly important points that both the US stock and bond markets are trying to communicate noiselessly to those who are front-running the #Disinflation Cycle:

  1. CRB Index bounced +2.4% last week but is still -3.7% in the last month and signaling Bearish TREND
  2. Oil (WTI) bounced +8.2% last week but is still down -10.5% in the last month and signaling Bearish TREND
  3. Natural Gas disinflated another -5.0% last week, crashing -21.1% in the last month, signaling Bearish TREND

In other words, if one of the strongest remaining Commodities, globally, has less than +2% of 1-month price momentum, what is the ROC (rate of change) of real world inflation really doing?

CHART OF THE DAY: #Quad1 Disinflation - ux

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