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What if sugar futures are actually onto one thing?
What if they’re relaying meals shortages? Extra social disruption? The Begin of Russian hoarding? Which results in Geopolitical hell? And all of the inflation theories that might nonetheless develop are staring us proper within the face?
Within the face of a rising U.S. greenback…
Within the face of upper yields and a extra hawkish Fed…
Within the face of some cooling inflation indicators and a correction in gold…
Within the face of a tender GDP…
Within the face of a persistent buying and selling vary in the important thing indices…
Sugar has gone up 225% since April 2020.
Sugar led the inflation rout in 1976 after which once more in 1979. Sugar is in just about every little thing we devour. Heck, even Apple (AAPL) simply introduced a option to gauge your sugar ranges in case you have diabetes (1 in 3 People do). In different phrases, eat sugar, and we (Apple) obtained you.
The purpose is that this… ought to this rout proceed, listen. AI and progress shares is not going to assist feed the planet–not for a very long time.
P.S. Tweet 2/22/23 at 8:19 AM ET: $UNG textbook blow off potential backside on excessive quantity. One to observe
Worth 7.30 on the time. Up over 12% since then.
Commodities–don’t quit.
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Mish and Charles speak meals inflation and the Metaverse on Making Cash with Charles Payne!
See Mish current “Greatest Commerce, Worst Commerce, Subsequent Commerce” on Enterprise First AM.
Mish shares insights on the US Greenback, euro, gold and pure gasoline on this look on CMC Markets.
Mish shares three charts she is utilizing to measure inflation utilizing the commodities markets on the Wednesday, February 14 version of StockCharts TV’s The Last Bar with David Keller!
Mish provides you some concepts of what would possibly outperform on this new wave of inflation on the Friday, February 10 version of StockCharts TV’s Your Each day 5. She has picks from vitality, building, gold, protection, and uncooked supplies.
Examine Mish’s interview with Neils Christensen on this article from Kitco!
- S&P 500 (SPY): 390 assist with 405 closest resistance.
- Russell 2000 (IWM): MA assist round 184. 190 has to clear once more.
- Dow (DIA): 326 assist 335 resistance.
- Nasdaq (QQQ): 300 the pivotal space 290 main support284 massive assist 300 resistance.
- Regional Banks (KRE): 65.00 resistance 61 assist.
- Semiconductors (SMH): 240 pivotal with 248 key resistance 248 resistance 237 then 229 assist.
- Transportation (IYT): Why we search for 2-day confirms on phases-back over the 50-DMA-228 assist 232 resistance.
- Biotechnology (IBB): 125-130 new vary.
- Retail (XRT): 66-68 large space to carry if the market nonetheless has legs.
Mish Schneider
MarketGauge.com
Director of Buying and selling Analysis and Training
Mish Schneider serves as Director of Buying and selling Training at MarketGauge.com. For practically 20 years, MarketGauge.com has supplied monetary info and training to hundreds of people, in addition to to massive monetary establishments and publications resembling Barron’s, Constancy, ILX Methods, Thomson Reuters and Financial institution of America. In 2017, MarketWatch, owned by Dow Jones, named Mish one of many high 50 monetary folks to comply with on Twitter. In 2018, Mish was the winner of the High Inventory Choose of the 12 months for RealVision.
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