CPI Excludes Food: Have You Seen ETF $DBA?

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Maybe it’s just Valentine’s Day, so the food and grocery markets are seeing a push towards chocolate, flowers, and fine dining.

And maybe not.

The consumer price index unexpectedly rose, but commodities remained weak. Service, on the other hand, has gone up.

However, CPI does not include food and energy prices.

No easing seen in many agricultural commodities in the Investor DB Agricutural Fund ETF.

Underlying indices include corn, soybeans, wheat, Kansas City wheat, sugar, cocoa, coffee, cotton, live cattle, fattening cattle, lean pigs, and most recently livestock.

This investment reflects changes in the level of the DBIQ Diversified Agriculture Index Excess Return™ (the “Index”) over time, plus or minus interest income from primarily U.S. Treasury securities and money market income held by the Fund. intended to be tracked. Minus the cost of the fund.

If you want to track how the Fed is controlling real inflation, whether the yield curve is inverted, long-term bond yields are rising, or the USD holding support is…

Before we check the charts, our quant model has a lot of commodity holdings. Specifically, the Sector Conservative, Sector Moderate, and GEMS models explore for metals and petroleum. Interestingly, it also holds SOXL or 3x leveraged semiconductor bulls (since Jan 11).th).

Chips and commodities are where they are now. So chips are just as valuable as sugar (he’s one of the DBA’s biggest holdings).

When it comes to sugar, futures hold their recent highs. As we’ve written many times, the sugar content can be high and cause even more confusion. Here is the timely article I wrote in April 2020!!!

The consumer price index does not include food. But so far, food inflation has remained at his 10%, even though food prices have fallen from his July 2022 peak. 11.3% eat at home and 8.2% eat on the go.

Go back to the DBA Chart.

Prices have increased to clear all action after October 2022. However, the 200-day moving average is looming large against today’s highs as resistance.

It’s also worth noting that DBAs are now outperforming benchmarks according to the Leadership Index.

Real Motion had a breakout and a turnaround as momentum dissipated above the 200-DMA and leaped to new highs not seen since last September. A distraction is that the Momentum indicator has cleared the 200-DMA, but the price is yet to be confirmed.

The 4 indicators are still in range, so the continued bullish trend in the most important thing on earth, food, will keep people a little quieter as they focus on A) disinflation and B) the feed pivot. must.

Stock Market ETF Trading Analysis and Overview:

S&P 500 (SPY) 420 resistance with 390-400 support

Russell 2000 (IWM) 190 pivot support and 202 major resistance

Dow (DIA) 343.50 Resistance 338 Support

Nasdaq (QQQ) Great comeback – still working in less than 2 weeks so see 311 as a good point to clear or fail

Regional Bank (KRE) 65.00 Resistance 61 Support

Semiconductor (SMH) 248 cleared on chip route – last week high of 254.60

Transportation (IYT) 23-month moving average at 244 – current resistance 228 support

Biotechnology (IBB) Horizontal action 130-139 range

Retail (XRT) 78.00 23-month MA resistance and immediate support 68.00

twitter: @market minutes

Authors may hold titles in the securities referred to at the time of publication.All opinions expressed herein are those of the author and do not represent the views or opinions of any other person or entity.

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