..this is probably the most important chart to stay noticed on...

..this is probably the most important chart to stay noticed on after the 10-yr yield chart
https://www.tradingview.com/symbols/FRED-T10Y2Y/

The 10yr minus 2yr yield chart approaching 0 and as you can see each time it dips below 0% (i.e minus territory), a recession occurs not long after. When it inverts (i,e minus), the inverted yield curve narrative would pervade mainstream and you can bet that equity markets would be on their toes.

As you can see below, the spread continues to fall as the market prices in a faster pace of Fed tightening:

	Column 1
0	​

Now look at the 20+ year CRB chart (set to All View) , you can see that the commodity complex falls in line with periods of recession.
https://www.tradingview.com/symbols/TVC-TRJEFFCRB/

So what could possibly happen is that initial concerns over inflation would push the Fed to both taper and implement rate rises, then inflation worries abate and followed closely soon by worries over global economy tipping into recession.

So IMO expect commodities rally to end in a quarter or two or possibly even sooner.

Lithium price boom may end when prospect for accelerated growth in EV gets a setback and being deferred as recession starts to set in. And every company and its dog chasing after lithium projects find themselves in a less prospective space than a year or so earlier when the incoming Biden Administration invigorated the green energy market. Biden's Build Back Better is also presumed dead in the water...so more unfulfilled expectations for the EV market.