The CRB Index has more than tripled from is post-Covid low helping to fuel surging inflation but over recent months the rally has stalled and prices have slipped over 15% implying that we may have reached peak inflation for at least the foreseeable future.
NB The index is made up of 19 commodities: aluminium, cocoa, coffee, copper, corn, cotton, crude oil, gold, heating oil, Lean Hogs, live cattle, natural gas, nickel, orange juice, silver, soybeans, sugar, unleaded gas, and wheat.
- We can see the CRB index rotating in the 250-350 area through 2023.
MM is neutral on the CRB Index
