Last week we discussed that after new highs in the Dow and S&P, the NASDAQ100 has been “stuck in first gear” and that the Fed is stuck between a “rock and a hard place.” We’re seeing 1970s’ style inflation being ushered in by easy money from Central Banks throughout the world. Soft commodities got a bit ahead of themselves and are currently in a process of some mean reversion, but the metals market held up
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