The Kobeissi Letter(@KobeissiLetter):Another deep green night for commodities. The input costs for just about all basic necessities are in a strong bull market that is gaining momentum. Record diesel prices, record beef prices, $100+ oil prices, and record copper prices. The most interesting part of it all is that the S&P 500 is ~2% away from a record high and up sharply on the year. This is what happens when an energy crisis, inflation, and the biggest technological revolution in history all intersect. As we have been warning for 2+ years: Own assets or be left behind.

1hours ago

Another deep green night for commodities. The input costs for just about all basic necessities are in a strong bull market that is gaining momentum. Record diesel prices, record beef prices, $100+ oil prices, and record copper prices. The most interesting part of it all is that the S&P 500 is ~2% away from a record high and up sharply on the year. This is what happens when an energy crisis, inflation, and the biggest technological revolution in history all intersect. As we have been warning for 2+ years: Own assets or be left behind.