Amazing ! This is the only word I can tell today.
Despite increase in commodities prices, the GSCI commodity index cannot fight (till now) the skyrocketing US stock market.
I would like to mention that the biggest wheight in this index is Oil : https://en.wikipedia.org/wiki/S%26P_GSCI
And oil went up recently.
But if we compare this commodity index to the US stock market, this is what we see
First graph vs the DJ index
And vs the SP500
As already many times said, the stock market seems overvalued !
And the best of is : Precious metals vs commodities index ! If Commodities are low let me show you how low are the precious metals (thanks Crescat)
it is clearly a strong buy !
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