Commodities and Inflation Expectations

The CRB index is in a minor disconnect from inflation expectations (RINF) It’s a disconnect on the short-term, at least. If/as the reflation continues CRB could have some catching up to do. CRB has been a near perfect side car to the inflation expectations (IE) cycle until recently. Crude oil’s volatility of late has contributed to the ruptured connection, along with base metals getting roughed … Continue reading Commodities and Inflation Expectations

NFTRH+; USD and the 30yr Yield Continuum

The US dollar has taken out the daily SMA 200. It’s still in a major downtrend but it’s also still bouncing and therefore, capable of eliminating the downtrend. To do that it would need to clear the noted resistance line and take out the September 2020 high. Meanwhile, importantly for the reflation trades the 30yr Treasury yield appears to be breaking its flag (as is … Continue reading NFTRH+; USD and the 30yr Yield Continuum