A considerably much more quiet morning than yesterday.  Looking at the board right now, more signs of inflation are jumping out at me….

Copper +2.06% (Immediate OB) to 328
Platinum prices +1.48%, to 965
Oil +0.52%, to 42.00
Gasoline +1.14% to 1.1783
Soybeans +1.34% to 1193
Corn +1.01% to 427
Bitcoin +1.30% to 18330

All of the above are signal OB this morning, but this is Wall Street positioning for Growth/Inflation Accelerating out into next year.  The question is now, when do I begin positioning for a steeper yield curve aka lower bond prices?  I’m slowly making that turn, and plan on moving to full position when the 10yr yields hit 80bps – But there’s always a chance I go earlier too!  Maybe today.   We’re close this morning at 83bps on the 10yr yield.

We have a nice bounce in Nat Gas to cover on this morning…back soon. 

800-669-5354312-373-5286Series 3 Licensed

John Caruso

Senior Market Strategist

Follow John on Twitter @JCarusoRJO. John began his career at Wilshire Quinn Capital, a Wealth Management Firm based out of Los Angeles, California. John made his move to the commodity industry at the end of 2005, and began his path at Lind Waldock, at the time the largest retail brokerage division worldwide. John did his undergraduate work at Robert Morris University in Pennsylvania from 1999-2003, where he was a 4 year varsity basketball letterman.  A self-professed “Macro Trader”, John uses a multi-factor fundamental and “quantamental” trading model in distinguishing market cycles based upon the accelerations or decelerations of growth and inflation metrics. His technical and quantitative approach is heavily reliant upon trend and market range analysis via a custom built standard deviation system in helping him make probability-based market decisions. John is an avid reader of all things pertaining to finance, and behavioral economics. Click here to sign-up for John Caruso's Trading Coach Insights. Daily information and insight on all futures marketsin ranging from metals to equities.

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