What if sugar futures are really onto something?
What if they are relaying food shortages? More social disruption? The Start of Russian hoarding? Which leads to Geopolitical hell? And all the inflation theories that could still develop are staring us right in the face?
In the face of a rising U.S. dollar...
In the face of higher yields and a more hawkish Fed...
In the face of some cooling inflation indicators and a correction in gold...
In the face of a soft GDP...
In the face of a persistent trading range in the key indices...
Sugar has gone up 225% since April 2020.
Sugar led the inflation rout in 1976 and then again in 1979. Sugar is in pretty much everything we consume. Heck, even Apple (AAPL) just announced a way to gauge your sugar levels if you have diabetes (1 in 3 Americans do). In other words, eat sugar, and we (Apple) got you.
The point is this... should this rout continue, pay attention. AI and growth stocks will not help feed the planet--not for a long time.
P.S. Tweet 2/22/23 at 8:19 AM ET: $UNG textbook blow off potential bottom on high volume. One to watch
Price 7.30 at the time. Up over 12% since then.
Commodities--don't give up.
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Mish and Charles talk food inflation and the Metaverse on Making Money with Charles Payne!
See Mish present "Best Trade, Worst Trade, Next Trade" on Business First AM.
Mish shares insights on the US Dollar, euro, gold and natural gas in this appearance on CMC Markets.
Mish shares three charts she is using to measure inflation using the commodities markets on the Wednesday, February 14 edition of StockCharts TV's The Final Bar with David Keller!
Mish gives you some ideas of what might outperform in this new wave of inflation on the Friday, February 10 edition of StockCharts TV's Your Daily Five. She has picks from energy, construction, gold, defense, and raw materials.
Read about Mish's interview with Neils Christensen in this article from Kitco!
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