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Bill Baruch, president of Blue Line Capital, and analyst Giannis Mindel discuss macroeconomic data, focusing on PPI at 6.3% year over year. Fertilizer prices are a leading indicator of inflation passing onto consumers, but expected to decline as energy decelerates sharply. Producers are passing on last year's inflation, but it is working its way through the system. Energy contribution is decreasing, suggesting a potential risk in the market.
