Bloomberg's commodity index looks toppy
The weekly chart shows a bearish divergence of the RSI and MACD's bearish cross below zero.
To me, this says the hawkish Fed trade driven by inflation concerns may be over and the focus could soon shift to the impending economic slowdown/recession.
To me, this says the hawkish Fed trade driven by inflation concerns may be over and the focus could soon shift to the impending economic slowdown/recession.