CHART OF THE DAY: It's Good The Poor Can't Eat Rubber Or Gas

10/26/20 07:51AM EDT

Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.

As Wall Street cheers on #MegaStim via CTRL+Print and US Dollar Devaluation, the cost of American living continues to rise in those devalued Dollars, when no-to-low-income people can least afford it:

  1. Corn continued to inflate, up another +4.3% last week to +13.8% in the last month
  2. Soybeans inflated another +2.9% last week to -6.1% in the last month
  3. Natural Gas inflated another +7.1% last week to +6.3% in the last month
  4. Copper inflated another +2.0% last week to +4.5% in the last month
  5. Rubber inflated another +7.3% last week to +20.0% in the last month

It’s a good thing The People can’t eat rubber, I guess.

CHART OF THE DAY: It's Good The Poor Can't Eat Rubber Or Gas - Chart of the Day

© 2021 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.