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

Subcomponents of INFLATION that I remember calling out throughout the summertime breakout of 2020 (we went Bullish on US INFLATION #Accelerating and Commodities in June of 2020, don’t forget), like Lumber, are already #crashing.

CHART OF THE DAY: Big LOWER-HIGH In Today's Risk Ranges  - bh1