Ahead of The Federal Reserve meeting today, here are some interesting numbers that they won’t consider. 🙂
The US export price index (end use) for all commodities for 17.43% year-over-year in May. The import price index rose 10.83%.
We were seeing a surge in commodity prices, like lumber and copper.
But today we are seeing some air let out of the commodity tires with copper and nickel both down 4%. Gold and silver are up today.
Here is a Tweet by famed investor (The Big Short) Michael J. Burry.