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Well, this so-called market is putting my feet to sleep (I mean, for God’s sake, how dull must a market be to allow a person to actually write a goddamned novel to quell his boredom?) so I thought I’d just a few commodity charts and say a few words about each of them…………..
You probably remember a couple of years ago the funny memes that came out regarding how expensive lumber was. Well, not so much anymore. The /LB futures are falling hard (as I suspect, ultimately, high-flying crazy stuff like wheat will, and crude oil, for that matter).
Detailed work, which got us to this point intact, if a little frustrated*, is done in NFTRH reports and updates. But it’s always handy to have a general summary view of macro markets. So let’s get to it.
* Reference this post done while sitting with a flight delay at JFK managing the breakout in the Gold/Silver ratio after Jerome Powell tanked the markets with his all too tardy jawbone (as I harangued per this post from February) during my out-bound flight several days earlier.
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