CapitalNotes on Nostr: This chart shows a broad commodities index on the monthly timeframe. I see a breakout ...

This chart shows a broad commodities index on the monthly timeframe. I see a breakout of a continuation pattern in a large uptrend that started at the COVID bottom.

This chart is not indicative of continuing disinflation. I suspect that risk asset markets will not be pleased when they realize the Federal Reserve is going to have to stay tighter on monetary policy for longer than is currently being priced in.

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