Blue Monday Or Stagflation? Commodities Signal Stagflation (WTI Crude DOWN 2.72%, Iron Ore DOWN 5%, S&P 500 Futures DOWN 1.7%, 10Y Treasury Yields Rise To 3.20% Then Sinks)

by confoundedinterest17

Because the US is engulfed in inflation whereas The Federal Reserve is engaged in attempting to struggle inflation (effectively, type of), we’re seeing markets taking a shellacking, significantly commodities.

One indicator of a slowdown is declining commodity costs. Crude oil futures are down round -2.5%. Iron Ore is down -5% and metal rebar is down -3.21%.

Inflation numbers are due out Wednesday and are forecast to be 8.1% YoY (primarily based on headline CPI). However mixed with a slowing world economic system, we get the dreaded “STAGFLATION.”

In the meantime, the S&P 500 index futures are down round 1.726% for Monday open. Asian markets already obtained clobbered with the Cling Seng down nearly -4%.

On the bond facet, the 10Y Treasury Notice yield rose to three.20% early within the morning, however has retreated to three.1447% as of 8:40am EST.

Each inventory and bond market volatility measures are growing.

So, is it a Blue Monday impact? Or world stagflation?

Time for supplemental revenue below the Biden Administration.