This is the worse bacwardation we had since 2007. If sanction move to oil and gas, spot will be further affected worsening commodity backwardation 👇 pic.twitter.com/r7o94T8fMY
— Gianluca (@Theimmigrant84) February 28, 2022
Global commodity prices from metals to energy to food are seeing gains of the sort we usually see on annual scales. And we’re just two months in. pic.twitter.com/rpPfjnEDya
— David Ingles (@DavidInglesTV) February 28, 2022
“The inflation picture has worsened this winter as we expected, and how much it will improve later this year is now in question,” Goldman Sachs economists wrote in a client report Sunday night.
Given that uncertainty, Goldman Sachs is raising its inflation outlook. It expects that core PCE inflation, the Federal Reserve’s preferred price metric, will decelerate to 3.7% at the end of this year.
Base metals fund
Flows are skyrocketing – panic buying metals pic.twitter.com/SLzBRRfj5E
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) February 28, 2022