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Below is our "Chart of the Day" and a brief excerpt from today's Early Look written by our Risk-Manager-In-Chief Keith McCullough.

Back to the numbers instead of their goldilocks inflation narratives…

  1. Natural Gas has inflated +32% in the last month
  2. Propane has inflated +25% in the last WEEK!
  3. Iron Ore has inflated +17% in the last month
  4. Steel has inflated +13% in the last WEEK!
  5. Copper has inflated +11% in the last month

Oh, KM, that’s all because of China.’

LOL, ok I can laugh at that one. Is China buying Nat Gas? It’s just Old Wall’s 1-Factor explanation for anything that doesn’t fit their narrative. Powell was all tee’d up to blame the pending re-acceleration in the Hedgeye INFLATION Nowcast on “the port strike.”

CHART OF THE DAY: Real World Inflation Exploding - cpi

If you're tired of MSM/CNBC narratives and BS financial research, we encourage you to take a closer look at the Early LookYou can thank us later.