Seems many are positioned for rising inflation in their fund holdings. I am no chartist but see tops galore in commodities - either exhaustion tops or just plain old fashioned tops. And lumber shows a classic triple top. Some commodities with exhaustion tops are down 20% to 25% (and more if you include palladium) in a very short period of time. I am a bear on equities (like just about everyone else) In January I had alluded to the 73/74 period with prices unfolding far worse than many bears are currently expecting - much deeper and longer. And the bond market looks broken beyond repair. But I am beginning to wonder if we are all being fooled by the headline news of uncertainty over Ukraine, interest rates, inflation, and the pandemic The stock market is a counterintuitive creature and even more so at bottoms. Logic just doesn’t cut it. I don’t want my bearish bias to influence me and will be closely watching for one or two humongous momentum days that come out of the blue (upside over downside volume) and then go from there. In other words, let the market tell me what to do and not my opinion. Meanwhile, If anyone can explain what is going on with the plummeting commodity prices I am all ears.