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
source : https://blog.gorozen.com/blog/commodities-at-a-100-year-low-valuation
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 !
happy Investing
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