Real Inflation Is Fast on The Rise Share Share As the stock market hits new highs and garners almost all the attention of the financial media, there is another bull market taking place in the world of commodities and it is picking up momentum only a few weeks into 2021. Throughout the current earnings reporting season, there have been numerous references on earnings calls about the rising cost of inputs pressuring margins for finished products. This leads to either higher prices for goods, lower profit margins or both. Crescat Capital’s Head Portfolio Manager Tavi Costa put forth some very intriguing commentary last week about the what the current state of inflation is versus the narrative.