Morning Market Report-March 10th
>>129889 lb
*As a reminder the CPI numbers are released tomorrow and will continue to show inflation out of control-even wioth "adjustments" which is why they sky'd the markets today.
Inflation sets 40 year high.......:I
Lather,rinse, repeat
See cap#5
The consumer price index climbed 7.9% on an annual basis, according to data released on Thursday by the Bureau of Labor Statistics. Month-over-month, inflation rose 0.8%. The year-over-year reading is in-line with estimates and compares with an annual 7.5% jump in January, marking the fastest increase since February 1982, when inflation hit 7.6%. For the 12 months ending in February, grocery prices leapt 8.6%, the biggest year-over-year increase since 1981, the government said. Gas prices are up a whopping 38%. And housing costs have risen 4.7%, the largest yearly jump since 1991.
There is Janets 'stick save 2 minutes before Europe close-dropped in at approximately 11:28am EST- 1.75B transaction and it reverseslime green circle on cap#3
Gold was back over $2k oh so briefly cause it a round # and gets attention when it crosses them/those and Silver approaching $26 again-same will habben to Ag when it crosses $30: much moar attention...think of where it would be without the 'hit jobs'.
Here is what went on with Ag yesterday: >>129925
Brian has much BIGGER issues nao but hey look over here...not at muh Silver problems
Bank of America’s Moynihan Sees Strong Demand for Green Debt
https://www.bnnbloomberg.ca/bank-of-america-s-moynihan-sees-strong-demand-for-green-debt-1.1735704
Some headlines-and THIS is what you can expect, albeit MUCH worse when it arrives in the Ag market
Nickel Market to Stay Closed Until At Least Next Week Amid Ukraine War
London’s nickel market will stay closed at least until next week, a person familiar with the exchange said, giving the London Metal Exchange more time to resolve a crisis caused by a huge loss-making trade originating in China. The LME paused trading in nickel Tuesday, the first time it had suspended a market since 1985. The exchange had said trading might resume as early as Friday. However, the LME failed to alert traders by 2 p.m. London time that the market would reopen, signaling that no trading in nickel would take place at least until Monday.
https://www.wsj.com/articles/nickel-market-to-stay-closed-until-at-least-next-week-amid-ukraine-war-11646930989
Rents Rise Most in 30 Years, Signaling More Pain for Americans
See cap#4
A measure of rents in the U.S. posted the largest monthly increase in three decades, underscoring an increasingly high cost of living that’s poised to contribute even more to inflation this year. The index for rent of primary residence increased 0.6% in February from the prior month, the most since 1987, according to Bureau of Labor Statistics data released Thursday. It was part of an acceleration across the broader shelter category, which accounted for more than 40% of the monthly increase in an index of consumer prices excluding food and energy.
https://www.bnnbloomberg.ca/rents-rise-most-in-30-years-signaling-more-pain-for-americans-1.1735678