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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: #Breeze who wrote (20705)9/26/2024 11:20:04 AM
From: CrashDavis  Read Replies (2) | Respond to of 27125
 
Excellent chart, Breeze.

Was scrolling through commodity charts last night and a lot seemed to have bottomed recently..Pretty much all of the grains.

Wall st seems to be counting on disinflation to keep the Fed rate cuts coming. Commodity prices don't support the disinflation narrative. IMO .

Bond futures are down about 3 points since the Fed rate cut. Maybe that's just "buying the rumor and selling the news". But perhaps bond investors are seeing the commodity charts I'm looking at and re-evaluating the continuing disinflation hypothesis?