QVMS - Fast Price Moves Break Things

• Gasoline prices leapt 45% over the past year, and the UN Food and Agriculture food price index, rose 34 percent to an all-time high in March.
• It’s illuminating to note that the S&P 500 materials sector is no higher today than it was in mid-November for all the inflationary forecasts.
• Bears move in a series of down legs interspersed with dramatic rebounds to suck in dip buyers all the way down.

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