Jim Cramer says the market is signaling that commodity inflation is 'pretty much over'

"I've got good news for you: The stock market, which is pretty correct on these matters, is saying that commodity inflation has already peaked," theCramer pointed to the widespread declines in a number of stocks tied to commodities, such as. Shares of the copper miner tumbled more than 5% Thursday and are down about 20% in the past month.

"Sure, the market could be wrong, but if you were worried about totally out-of-control inflation, that possibility has been taken off the table," Cramer said. "You're looking at a sudden collapse in every stock related to commodities at the same time that long-term interest rates are crashing — that wouldn't happen in a world with wild and crazy inflation."

Sorry Jimbo, maybe it’s because you’re so far from reality. Real costs aren’t going down anytime soon.

MadMoneyOnCNBC jimcramer do you mean oil too? OIl is not done rising, oil will go to $100

'jimcramer Says the Market Is Signaling That Commodity Inflation Is 'Pretty Much Over'' Reminds Me Of the Aluminum Hoarding Story By Kate Kelly In the Secret Club That Runs the World. Plus, No One Like the Corn Engrosser When Famine Happens And Hoards Corn to Sell High!!

Nobody cares what he says

Jim is correct on this one, still some more to fall.

Why not just get your news from a fortune cookie

thanks

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European stocks set for subdued open after Fed signals 2023 rate hikesEuropean stocks are expected to open lower on Thursday as global markets react to the Federal Reserve's signal that rate hikes will come sooner than expected. thanks Stocks are about 20% higher than pre pandemic high, all commodities are high than pre pandemic, unemployment is high cuz people get free handouts but fed no where near to raise rate or reduce balance sheet. But market gets nervous. marketsinturmoul when they actually will do it late 2023 is over 2 yrs away
Source: CNBC - 🏆 12. / 72 Read more »