APT Chart, page-3237

Treasury yields are just the thing that has woken the market up to rampant inflation, as it has chosen to ignore it before.

• https://www.mql5.com/en/economic-calendar/united-states/philadelphia-fed-prices-paid

We are in the early stages of a 25 year super cycle bull market in commodities as I have been pointing out for some time in the charts of Lumber Oil Platinum and Copper.

Production costs are being adversely effected and without full employment their will be no wage growth so we head for a prolonged period of stagflation.



Valuations are at or near historical highs before previous bear markets but company profits are going to hit hard and the rising costs of all the essential elements of life are going to leave very little on household budgets for non discretionary spending which is APT lifeblood.

Chart wise a consolidation and break of $94 sees it at $32 and it would still be overvalued