Above $5-5% Is Inflation; $3-3% Normal Reversion The 1H rebound in crude oil, corn, soybeans, wheat, inflation and US Treasury 30-year yields above 5% may prove short-lived. If the incumbent party fails to get food and energy prices lower by the midterms, it could face diminishing support. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/tfy6l8r24uc4 {BI COMD} #crudeoil #corn #bonds #inflation @BBGIntelligence(Mike McGlone)