Janet Yellen didn’t mention in her speech one of the main inputs that normal people have – the *gas* they put in their car. And since that November circle, Oil is up almost 50%.
Fifty. Percent. I didn’t misspeak.
That’s the number one factor that is going to drive inflation over 3% by the time we get to Q2 2021.
And we’ve been well ahead of the Street on that.
That’s why interest rates continue to make a series of higher lows and higher highs. And we’re going to continue making money by being long commodities, in burning bucks.