Heads Up: Something big is going down. Just about every commodity is collapsing in price. Things deteriorated so much that all the supply chain metrics have become way less constrained

OIL FUTURES EXTEND LOSSES, U.S. CRUDE DOWN BY $5 A BARREL

— RedboxGlobal (@RedboxWire) August 15, 2022

Bloomberg Commodity Index: drawdowns from peak %. $BCOM pic.twitter.com/bT4kVonzKC

— Paul de Jong 🌐 (@pauldejong_) August 14, 2022

https://twitter.com/psimpsonmorgan/status/1558585358886977536

https://twitter.com/macro_daily/status/1559157758930337793

Two really awful economic datapoints today.

Both Empire Fed and Homebuilder Sentiment dropping off a cliff. https://t.co/bxiIXNn5yMhttps://t.co/yIRZ8IBZpy pic.twitter.com/S0gsDtCgtN

— Joe Weisenthal (@TheStalwart) August 15, 2022

things deteriorated so much that all the supply chain metrics have become way less constrained https://t.co/d7ZQfpBsUr pic.twitter.com/fWvUrO8r2T

— Sam Ro 📈 (@SamRo) August 15, 2022

U.S. Manufacturing Surveys/PMIs: (Empire State just surprised significantly to the downside; actual: -31.3, Bloomberg survey: 5.0) {from ECAN} pic.twitter.com/OqSMVts4DI

— Michael McDonough (@M_McDonough) August 15, 2022

NY Fed: The new orders index dropped thirty-six points to -29.6, and the shipments index plummeted nearly fifty points to -24.1, indicating a sharp decline in both orders and shipments.

— zerohedge (@zerohedge) August 15, 2022

Sending yields lower 👇 https://t.co/AaTrwC4QDa pic.twitter.com/86GHGOvtPT

— Jonathan Ferro (@FerroTV) August 15, 2022

h/t CaptainMorgan