April Commodities Outlook: Crude Pump-Then-Dump Syndrome May Spark Post-Inflation Deflation - The front US natural gas futures' 160% pump in 2022 to $10 per million BTUs, and dump below $2 in 2023 may suggest what to expect in commodities in 2026. US gas has reversed its 100% January gain to a 20% loss, and similar pump-then-dumps in gold, silver, copper and Bitcoin might spread. Up about 25% in 1Q, the Bloomberg Commodity Index Total Return (BCOMTR) has proven its portfolio insurance attributes, but surging commodities typically don't last -- BCOMTR on March 30 was unchanged from 2007. Spiking crude is often its own worst enemy and may have sparked a global recession. If surging crude and gold volatility continues migrating to the stock market, it could be all that matters. Peak inklings in gold, silver, copper, natural gas, $5 per bushel corn and 5% US Treasury 30-year ceilings may mark post-inflation deflation. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/tcrdegkiupyq {BI COMD} #crudeoil #commodities #stockmarket @BBGIntelligence(Mike McGlone)