Here Comes Inflation…Again

As expected, PPI shot up for September, coming in at 2.6%.  Also as expected, the spike is being blamed on energy prices which are, in turn, being blamed on Hurricane Harvey.

While the logic is legit, it remains to be seen whether oil and gas prices will remain in their ramped-up states once investors do the CPI math.  I remain bearish on both, but especially RB.

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