The reasons I follow closely commodities is because they give information about the strength of the economy.
They bounced from March to June (click on chart to enlarge it). But they have been flat since then. Are they telling us the economy is not as strong as some believe?
They are also correlated with profits. Are commodities saying profits had a bounce in the spring, but they are under pressure again? Is this bearish news for stocks? Time will tell, of course.
To find out more about my in depth view of the markets and my strategy just visit our website https://www.peterdag.com/ where you can review The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific money management needs.
I will be happy to speak to your investment group on how the business cycle impacts investment strategies and the choice of asset classes.
George Dagnino, PhD
Editor, since 1977
Ranked No. 1 market timer by Timer Digest
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