Wednesday, May 25, 2011

Reuters/Jefferies CRB Index 1749-2011

There appears to be one more leg of price inflation "baked in" at the  CPI level, but commodity price inflation from here largely depends on Fed activity from here. And there is no clear indication at present as to the future direction of Fed policy. Buckle your seat belts, it could get quite volatile.

Click to enlarge.


(BiancoResearchChartviaRitholz)
at 1:08:00 PM

1 comment:

  1. AnonymousMay 26, 2011 at 12:38 PM

    Looks like we’ve hit our 61.8% ‘B’ retracement from the '09 low. The CCI shows a slightly different cycle than the oil-heavy CRB. Here we’ve just hit our final leg ‘5’ of the 30 year cycle.

    http://i53.tinypic.com/4si1og.jpg

    Source:
    http://www.nowandfutures.com/images/crb_1900on.png

    ReplyDelete

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