đš COMMODITY INFLATION IS MAKING A POWERFUL COMEBACK
Commodity prices are not just rising.
They are accelerating.
The Bloomberg Commodity Index is up:
+37.3% year over year
+32% year to date
That puts it near its largest 12-month increase since the 2022 energy crisisâand above the pre-2008 financial crisis run-up.
The Bloomberg Commodity Subindex is up an even stronger:
+44.9% year over year
Its biggest 12-month increase since 2022.
This index tracks 25 exchange-traded futures across:
Energy
Metals
Agriculture
This is not only an oil story.
It is a broad commodity inflation story.
When commodities rise together:
âą Input costs increase
âą Producer-price pressure returns
âą Consumer purchasing power weakens
âą Corporate margins come under pressure
âą Inflation expectations rise
âą Bond yields may move higher
âą Rate-cut expectations can be delayed
The biggest risk is not simply higher commodity prices.
The bigger risk is a stagflation-style environment:
Slower growth.
Higher inflation.
Less room for central banks to cut rates.
That combination can create pressure across bonds, equities, currencies and crypto.
Watch these markets closely:
Oil
Copper
Gold
Agricultural commodities
10Y Treasury yield
Inflation breakevens
US Dollar
Nasdaq
Commodity inflation is back on the macro radar.
Do not treat this rally as an isolated commodity trade.
It may be one of the most important signals for the entire global market.
Aasim Majeed AMC
$BTC $CL $XAU #Gold #Markets #Bonds #Macro #bitcoin
Commodity prices are not just rising.
They are accelerating.
The Bloomberg Commodity Index is up:
+37.3% year over year
+32% year to date
That puts it near its largest 12-month increase since the 2022 energy crisisâand above the pre-2008 financial crisis run-up.
The Bloomberg Commodity Subindex is up an even stronger:
+44.9% year over year
Its biggest 12-month increase since 2022.
This index tracks 25 exchange-traded futures across:
Energy
Metals
Agriculture
This is not only an oil story.
It is a broad commodity inflation story.
When commodities rise together:
âą Input costs increase
âą Producer-price pressure returns
âą Consumer purchasing power weakens
âą Corporate margins come under pressure
âą Inflation expectations rise
âą Bond yields may move higher
âą Rate-cut expectations can be delayed
The biggest risk is not simply higher commodity prices.
The bigger risk is a stagflation-style environment:
Slower growth.
Higher inflation.
Less room for central banks to cut rates.
That combination can create pressure across bonds, equities, currencies and crypto.
Watch these markets closely:
Oil
Copper
Gold
Agricultural commodities
10Y Treasury yield
Inflation breakevens
US Dollar
Nasdaq
Commodity inflation is back on the macro radar.
Do not treat this rally as an isolated commodity trade.
It may be one of the most important signals for the entire global market.
Aasim Majeed AMC
$BTC $CL $XAU #Gold #Markets #Bonds #Macro #bitcoin
