TOPICS AND TIMESTAMPS:

Transitory Allegory 0:00

DRIVERS? 0:47

COMMODITIES HIGH 7:46

FED TAPER 12:14

$GPS INSIGHTS

#1 MARKETS ANTICIPATE INFLATION TO BE TRANSITORY

#2 THOSE PAYING ATTENTION KNOW THAT INFLATION IS NEVER TEMPORARY

#3 IF INFLATION IS HERE TO STAY, MAKE ADJUSTMENTS TO PORTFOLIO

Inflation down by 2nd or 3rd quarter

We took a step back from transitory (clarify meaning)

“We completely understand what they’re going through” referring to riding food and energy prices

Where Are All the Truck Drivers? Shortage Adds to Delivery Delays - WSJ

https://www.wsj.com/articles/truck-driver-shortage-supply-chain-issues-logistics-11635950481

Lack of drivers hamstringing supply chain recovery - FreightWaves

https://www.freightwaves.com/news/lack-of-drivers-hamstringing-supply-chain-recovery

Truckers tired of taking blame for congestion crisis at California ports - FreightWaves

https://freightwaves.com/news/truckers-tired-of-taking-blame-for-congestion-crisis-at-california-ports

58,900 long-dwelling containers now on penalty clock in LA, Long Beach - FreightWaves

https://www.freightwaves.com/news/58900-long-dwelling-containers-now-on-penalty-clock-in-la-long-beach

Shipping shares in sea of red as broader stock market rises

https://www.freightwaves.com/news/shipping-shares-in-sea-of-red-as-broader-stock-market-rises

Fertilizer Maker Nutrien’s (NTR) ‘Greatest Challenge’ Is Filling Demand - Bloomberg

https://www.bloomberg.com/news/articles/2021-11-02/top-fertilizer-firm-s-greatest-challenge-is-filling-demand?srnd=premium-canada

uranium 2021-11-03_15-29-03.jpg (1259×616)

https://cms.zerohedge.com/s3/files/inline-images/uranium%202021-11-03_15-29-03.jpg?itok=2-81crSN

Mondelez to raise prices by 7% in 2022

https://www.cnbc.com/2021/11/02/mondelez-to-raise-prices-by-7percent-in-2022.html

China’s Economy Faces New Downward Pressures, Premier Li Says - Bloomberg

https://www.bloomberg.com/news/articles/2021-11-02/china-s-economy-faces-new-downward-pressures-premier-li-says

China Climate Goals Hinge on $440 Billion Nuclear Power Plan to Rival U.S. - Bloomberg

https://www.bloomberg.com/news/features/2021-11-02/china-climate-goals-hinge-on-440-billion-nuclear-power-plan-to-rival-u-s?sref=6uww027M

Federal Reserve Board - Federal Reserve issues FOMC statement

https://www.federalreserve.gov/newsevents/pressreleases/monetary20211103a.htm

Fed Dials Back Bond Purchases, Plots End to Stimulus by June - WSJ

https://www.wsj.com/articles/fed-dials-back-bond-purchases-plots-end-to-stimulus-by-june-11635962417