Speaking of higher prices, I think its fair to say that price inflation played a part in the election results over the last 24 hours. Now its certainly debatable how much influence a President or party has on inflation but, make no mistake, policy matters. And inflation during 2021-2023 was one of the steepest for any President in four decades. But I caution the optimists here. First, as the chart shows, overall inflation over the last six decades has averaged stronger during Republican presidencies. Further, policies that include additional tariffs and a reduction in the labor supply are not typically viewed as deflationary. Want to learn how Datum FS can help you anticipate commodity volatility? Learn more by exploring this website or fill out the form below. Thanks for reading.