The Inflation Trade Isn’t Over

Inside Our Fresh Buy in the Commodity Complex

In 2020, while most people were still frozen by fear, I flipped the script.

I was short crude oil in January 2020 and held it until the day it went negative.

I called the top in bonds that same March.

And as the flood of money hit public and private balance sheets, I started buying commodities—hard.

Not based on a hunch. Based on signals. Signals that told me something big was shifting beneath the surface.

That inflation was coming and the cycle had turned.

Now, for the first time in a long while, we’re adding fresh commodity exposure again. (Besides metals)

New names, new signals, the same process.