Special Note: I am going to be a featured speaker at the upcoming MacroMinds charitable investment symposium on May 18-19th in NYC.  The event raises money for 3 causes (Rock the Street, Wall Street, Big Brothers Big Sisters of NYC and the Valerie Fund) focused on student education. I will provide insights on the path for the economy, inflation and monetary policy. I’m excited to do this panel with Exante Data Founder, Jens Nordvig.  Moderating with be former CIO of the NYU Endowment and now Founder of the Sonamu Group, Tina Surh. This should make for an excellent discussion at an important time. The symposium program agenda looks great. Please consider attending and sponsoring the event. We expect an excellent crowd and some great content as we support the important mission of education. We can put you in touch with the organizers as well should you have any questions. Thank you. Today’s audio recap focuses on our April 2 note, Inflation Backwardation If you are not a subscriber, details can be found here Barry C. Knapp Managing Partner Director of Research Ironsides Macroeconomics LLC 908-821-7584 [email protected] https://www.linkedin.com/in/barry-c-knapp/ @barryknapp This institutional communication has been prepared by Ironsides Macroeconomics LLC (“Ironsides Macroeconomics”) for your informational purposes only. This material is for illustration and discussion purposes only and are not intended to be, nor should they be construed as financial, legal, tax or investment advice and do not constitute an opinion or recommendation by Ironsides Macroeconomics. You should consult appropriate advisors concerning such matters. This material presents information through the date indicated, is only a guide to the author’s current expectations and is subject to revision by the author, though the author is under no obligation to do so. This material may contain commentary on: broad-based indices; economic, political, or market conditions; particular types of securities; and/or technical analysis concerning the demand and supply for a sector, index or industry based on trading volume and price. The views expressed herein are solely those of the author. This material should not be construed as a recommendation, or advice or an offer or solicitation with respect to the purchase or sale of any investment. The information in this report is not intended to provide a basis on which you could make an investment decision on any particular security or its issuer. This material is for sophisticated investors only. This document is intended for the recipient only and is not for distribution to anyone else or to the general public. Certain information has been provided by and/or is based on third party sources and, although such information is believed to be reliable, no representation is made is made with respect to the accuracy, completeness or timeliness of such information. This information may be subject to change without notice. Ironsides Macroeconomics undertakes no obligation to maintain or update this material based on subsequent information and events or to provide you with any additional or supplemental information or any update to or correction of the information contained herein. Ironsides Macroeconomics, its officers, employees, affiliates and partners shall not be liable to any person in any way whatsoever for any losses, costs, or claims for your reliance on this material. Nothing herein is, or shall be relied on as, a promise or representation as to future performance. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. Opinions expressed in this material may differ or be contrary to opinions expressed, or actions taken, by Ironsides Macroeconomics or its affiliates, or their respective officers, directors, or employees. In addition, any opinions and assumptions expressed herein are made as of the date of this communication and are subject to change and/or withdrawal without notice. Ir