MBCC TH 10th May'24 - "Data going the other way oops powell!"

UMichigan sentiment plunges to 67.4, Exp. 76.2, Last 772. Inflation expectations 1Y 3.5%, Exp. 3.2%, Last 3.2% Inflation expectations 5Y-10Y 3.1%, Exp. 3.0%, Last 3.0%.

What does this mean for Commodities, as we look at real physical demand and correlate it with ETF and financial prices..