X @Joe Consorti

RT The Kobeissi Letter (@KobeissiLetter)Commodity inflation is surging:The Bloomberg Commodity Index is up to 141 points, the highest since February 2013.This index tracks 25 exchange-traded futures contracts across energy, metals, and agriculture.Energy accounts for the largest weighting, at 39%, followed by agriculture, at 27%, precious metals, at 16%, and industrial metals, at 13%.This index is now up +28% year-to-date and it has officially surpassed the 2022 energy crisis peak of 140 points.As a result, ...