Editor's Note: Below is a brief excerpt and chart from today's Early Look written by CEO Keith McCullough. Click here to learn more about the Early Look.
In terms of Currencies and Commodities, last week was a reflationary one (in Dollars). The CRB Commodities Index ramped +3.2% on the week = Bullish TREND @Hedgeye.
While the FX and Commodities moves in the aggregate were reflationary, the problem with headline (reported) inflation is that the DEC-FEB compares get meaningfully more difficult than SEP-NOV year-over-year comparisons were. This makes for an interesting juxtaposition.