Posted by A clever paper by Adam Hale Shapiro (@sffed) that disentangles the supply and demand contributors to inflation. He finds that the majority of the increase in *overall* inflation is supply but the majority of the increase in *core* inflation is demand. https://t.co/SL6dhLVMyX pic.twitter.com/EDqzBb62qN
— Jason Furman (@jasonfurman) June 23, 2022
Here are prices in june for oil, gas, wheat and corn. Corn -17% wheat -19% oil-6% gas -33%. What do you think CPI for june will be? I think consumer price index will go down? This means lowernflation. Which will pump #sp500 #nasdaq #bitcoin #btc $btc.x pic.twitter.com/4lBIyhMCbl
— Seth (@seth_fin) July 2, 2022
This is the fastest copper collapse in a decade.
World bank chief economist skeptical global recession can be avoided:https://t.co/aGwQZxA92f
"All the risks are stacked on the downside" pic.twitter.com/3q9d4NsQci— Mac10 (@SuburbanDrone) June 29, 2022
Chart of the Week – Energy vs Metals
Energy commodity prices have pulled back from the highs, but it could just be the start of a deeper correction if the price action in industrial metals is anything to go by… pic.twitter.com/ehS6d7EXt5
— Topdown Charts (@topdowncharts) June 28, 2022
US Asset Class Valuations: https://t.co/5u64Nl1uDw
This one has also changed a lot. Of most intrigue is that our commodities valuation indicator has just edged out equities for second place on the pantheon of preposterous prices… pic.twitter.com/DriUGNGOTi
— Topdown Charts (@topdowncharts) June 28, 2022
(Bloomberg) — OPEC+ is more than half a billion barrels behind on its pledge to supply world markets with oil, exacerbating concerns about the group’s ability to balance the global market pic.twitter.com/bv2F8UNjdx
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) June 28, 2022
This is another great chart from @johnauthers Post ‘08 banks were forced to clean their act when it came to housing. That led to shadow investors coming in the market. These are top originators. Clear sign of vulnerability in the market pic.twitter.com/8Pic55mk4G
— Gianluca (@MenthorQpro) June 29, 2022
The market's longer-term inflation expectations have come down markedly over the past few months, to 2.17% from as high as 2.56% in April. Here are 5-year 5-year forward breakeven rates: pic.twitter.com/gfyXcpCSgn
— Lisa Abramowicz (@lisaabramowicz1) June 29, 2022
COPPER 🟠 pic.twitter.com/cn3b6aiTXZ
— Win Smart, CFA (@WinfieldSmart) June 29, 2022
Gotta pay Phil! @LIVGolfInv
Saudi oil production jumps pic.twitter.com/rYBWOI046I— Mike Zaccardi, CFA, CMT (@MikeZaccardi) June 29, 2022
Aluminum in contango. Accept and don’t mix structural bull with cyclical bear.
We told u on this channel to sell base metals since 15 May 2022…#Aluminum pic.twitter.com/BE1fDAU1tl
— Alexander Stahel 🇺🇦 (@BurggrabenH) June 29, 2022
Germany 1-year forward power contract climbs Wednesday to €280 per MWh.
Excluding four days in December 2020, when electricity prices briefly exploded only to plunge again, this will be a record high. European heavy industry is facing sky-high power bills. It is unsustainable. https://t.co/SPyxPzh5JI
— Javier Blas (@JavierBlas) June 29, 2022
Thermal coal sees no end in sight. Note that this industry was deeply underinvested in last 10Y. Now demand is ramping up and price is going to 🚀 pic.twitter.com/Tns2hs6S7v
— Gianluca (@MenthorQpro) June 29, 2022