Commodities Breaking Out

Commodity prices are breaking out today with Brent Crude over $100 a barrel. While I will respect the seasonality for a few more days, if commodities continue to ramp I will start expanding my equity shorts. This is not what the bulls want to see. Lucky for us Bernanke says not to worry. From the FOMC Statement:
Although commodity prices have risen, longer-term inflation expectations have remained stable, and measures of underlying inflation have been trending downward.

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