Weekly Market Recap: Commodities Explode Higher, Stoking Inflation

 
Weekly Market Recap: Commodities Explode Higher, Stoking Inflation

With the world implementing trade embargoes against Russia, commodity prices are soaring.

Oil has spiked to $115 per barrel.

Wheat is at an all-time high. So are natural gas prices in Europe.

These sudden and sharp rises in input prices will place an increasing drag on economic growth for as long as they persist.

But so also will the interest rates hikes the Federal Reserve is about to implement.

Will this deflationary double-punch trigger a market correction and/or a recession?

That’s exactly what investment manager Lance Roberts and I tackle in this week’s Market Recap video. Watch it now: