Commodity Prices as of 6/25/22
Below are the percentage decrease charts for copper, lumber, natural gas, and wheat. All appear to be in correction mode with significant declines just over the course of the last month.
Likewise, the University of Michigan Consumer Sentiment Index also recorded a record low reading of 50. This is lowest reading in the history of the index going back to the late 1950s.
If you factor in the ongoing social tension in the US, the chance of something breaking has arguably never been higher. We will keep you posted.
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