A Key Inflection Point for the Commodities Complex

01/02/18 07:32AM EST

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. 

A Key Inflection Point for the Commodities Complex - 01.02.18 EL Chart

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.

A Key Inflection Point for the Commodities Complex - early look

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