bearish

The Commodity Report: CRB Commodity Index Ended the Week 5.1% Lower

300 Views20 Jun 2022 12:30
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SUMMARY
  • Besides global growth concerns as Central Banks step up their battle against inflation, and China's zero-covid restrictions may stretch into 2023, it is quite clear what the main story was this week
  • Russia cut up to 60% of its gas flows to Germany. It will become very hard for Europe to get over the next winter if gas flows remain that low
  • Rate hiking cycles end when the Fed Funds target rate catches up to where the 2-year T-Note yield has already gone
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