Approximately 100,000,000 Americans drink coffee. Every day. That’s a lot of latte macchiatos. Unfortunately, for coffee lovers looking to get their fix, prices are rocketing higher.
Just yesterday, coffee prices spiked another 7%. That brings coffee’s year-to-date gain to over 90%. (No, that’s not a typo).
Incidentally, historical pattern-search trend analysis from Eidosearch this morning ranks CME coffee futures (KT) as the most bullish 1-month set-up of any market-level indicator.
No worries. The Fed says to go eat a REIT or an iPad.