Weekly Commentary

04.11.11
Earnings season will begin in earnest this week, with Alcoa kicking off the festivities Monday evening.  Other noteworthy reports include JPM Wednesday morning, GOOG Thursday afternoon and BAC Friday morning.  Locally, HAS reports Thursday morning.
“The Ben Bernanke” has been striving to gin up inflation, and he has succeeded.  The PPI and CPI to be reported Thursday and Friday will come closer to confirming this reality.
http://www.youtube.com/watch?v=PTUY16CkS-k
As a result, commodities, including grains, gold and oil are rising [gasoline is up ~30% ytd] while the dollar is falling.

One consolation is the fact that equities have been [and will continue to be] a pretty good hedge against inflation.

Stay tuned.