In One Chart: War inflation is slowing. Here’s the S&P 500 level where a Bank of America strategist says investors should ‘gorge’ on stocks.

Are we past the worst financial side effects of Russia’s invasion of Ukraine?

Michael Hartnett, chief investment strategist at Bank of America, created a war inflation chart. It’s a simple index of Brent crude oil BRN00, European natural gas and wheat W00 prices — the three commodities mostly clearly tied to the direction of the conflict.

Wheat…