The Smartest Accidental Financial Move You’ve Made

The price of cocoa has gone parabolic. [Jeff Clark's Market Minute]( The Smartest Accidental Financial Move You’ve Made By Jeff Clark, editor, Market Minute Those Swiss Miss Hot Chocolate packets you stashed away in your “survival” box a couple years ago might prove to be the smartest “accidental” financial move you’ve made since buying the Forever postage stamps when they were first issued at $0.41. The price of cocoa has gone parabolic. Cocoa trades today for more than $9,800 per ton. That’s its highest price – ever. It’s up 130% since January. It’s up 240% over the past year. Just look at this chart… [(Click here to expand image)]( This isn’t some hot Artificial Intelligence stock. It’s not a speculative crypto-coin. This is cocoa. It’s a staple of the American diet. And, its rapidly rising price is a sign that inflationary pressures are still alive and well. Anyone who expects the Fed to start lowering interest rates while cocoa and other agriculture prices are rising like this needs to adjust that thinking. It isn’t going to happen. Of course, I made the “no interest rate cuts anytime soon” argument just before the FOMC meeting [earlier this month](. Chairman Powell then threw egg on my face by announcing that he could see a path to as many as three interest rate cuts some time later this year. But, saying it and doing it are two different things. Free Trading Resources Have you checked out Jeff's free trading resources on his website? It contains a selection of special reports, training videos, and a full trading glossary to help kickstart your trading career – at zero cost to you. Just [click here]( to check it out. Remember, it wasn’t too long ago that the Fed talked about inflation being “transitory.” Heck, not long before that, the Fed was worried that inflation was “too low.” Wouldn’t it be nice if we had that problem again? It seems to me the Fed’s track record when it comes to gauging the path of inflation is spotty at best. And, it’s hard to see how the Fed can justify lowering interest rates as early as June. The market is slowly reaching that same conclusion. The probability of a rate cut in June has dropped from 60% two weeks ago to 55% today. It should continue to fall. And, to the extent that stocks and bonds have rallied in anticipation of a June rate cut, those assets are vulnerable to a decline as the markets realize it isn’t going to happen. Best regards and good trading, [Signature] Jeff Clark Editor, Market Minute [Jeff Clark's Market Minute]( Jeff Clark Trader 55 NE 5th Avenue, Delray Beach, FL 33483 [www.jeffclarktrader.com]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. Jeff Clark Trader welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. To contact Customer Service, call toll free Domestic/International: 1-800-752-0820, Mon–Fri, 9am–7pm ET, or email us [here](mailto:contactus@jeffclarktrader.com). © 2024 Omnia Research, LLC. All rights reserved. Any reproduction, copying, or redistribution of our content, in whole or in part, is prohibited without written permission from Omnia Research, LLC. [Privacy Policy]( | [Terms of Use](