CHART OF THE DAY: #Quad4 Commodities Crash

Yes, central banks from the UK to South Korea and Thailand are panicking on their FX devaluations. There isn’t much that they can do about that and/or The Gravity of The Cycle.

A Down Dollar week didn’t help “Stah-kks!”, but it arrested parts of the #Quad4 Commodities Crash:

1. Cotton was down another -7.8% last week, crashing -24.0% in the last month alone
2. Lumber was down another -2.9% last week and remains in #Quad4 Demand Crash mode as well