Jun 17, 2023·edited Jun 17, 2023Liked by Caleb Franzen
"Energy & commodity prices are in a firm downtrend and will likely get weaker."
I agree with the disinflation thesis and all the points except part of this one. 👆Look at DBA, it's rallying back toward 52 week highs. Not sure what comes of it but I think we're about to see commodity prices give the bulls a nice counter trend rally to keep the inflation narrative from dying a peaceful death.
"Energy & commodity prices are in a firm downtrend and will likely get weaker."
I agree with the disinflation thesis and all the points except part of this one. 👆Look at DBA, it's rallying back toward 52 week highs. Not sure what comes of it but I think we're about to see commodity prices give the bulls a nice counter trend rally to keep the inflation narrative from dying a peaceful death.
Nice analysis!
Credit contraction following the bank crisis is totally back of mind w/ markets rallying. Nice update on what's happening there.