CHART OF THE DAY: A Q4 #Acceleration, It Was

01/03/22 07:56AM EST

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

Commodities markets, in some spots bounced to lower-highs – in others, not so much:

  1. Coffee disinflated -2.2% last week to -2.7% in the last month after breaking @Hedgeye TRADE support
  2. Wheat disinflated -5.4% last week to -2.1% in the last month after breaking @Hedgeye TRADE support
  3. Gold appreciated +0.9% last week to +2.9% in the last month after breaking out above TREND resistance! 

Don’t worry. I don’t think of Gold as a Commodity. I just put it there because I felt like having some flair in my life this morning. As I explained prior to my vaca, I am buying Gold on down days with the danger of #Quad2 coming back pretty low.

CHART OF THE DAY: A Q4 #Acceleration, It Was - cmm

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