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 …