Move Along, Nothing To See

Check out the accompanying pdf and chart collection. (1) Old saying in the pits. (2) Commodity prices providing clearer signal than bond yields. (3) Broken lumber. (4) Dust bowl of 2021? Drought out West getting worse. (5) Chinese fattening up their pigs with US grains. (6) US oil production remains depressed. (7) China tapping on the brakes? (8) Rising commodity prices boosting S&P 500 revenues, earnings, and margins. (9) Strong profits + labor shortages = capital spending boom. (10) Technology production at record high led by computer & peripheral equipment.