With cocoa prices soaring about 400% in a matter of months, going long Easter bunnies on Sunday might be a shrewd move.

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With cocoa prices soaring about 400% in a matter of months, going long Easter bunnies on Sunday might be a shrewd move.

The global economy is heading for the dumper. Don’t listen to Powell. Or Yellen. Or that mincing, preening, caricature Tom Lee. There’s nothing but darkness ahead, and if you want a guide that’s better than Powell’s lying hole, look at commodities. They’re falling because demand is shrinking.

A few days ago, I got the impression that the commodities fund DBC had fallen by 4%, but it was just a dividend distribution. Slope’s data gets adjusted for dividends (which makes the data superior, particularly since a lot of other sites don’t bother) so now the chart is ship-shape again. I’d like to take this opportunity to point out the rounded top is still very much in place, and this time, yeah, the data is accurate!
