All posts and charts are for educational and illustration purposes only
Showing posts with label commodity index. Show all posts
Showing posts with label commodity index. Show all posts
Friday, May 5, 2017
Bloomberg Commodity Index
Bloomberg Commodity Index lost all its gains since Trump's ignited
Reflation theme started in November 2016. There is growing concern
whether Trump's pro growth reflation story has peaked. Iron ore price
has dropped 32% from the peak reached in February. Rio Tinto is down 16%
and Crude has fallen from a high of $54 to $45 this year. The Commodity
Index has been a leading indicator of global economic growth and the
stock market. If history is any indication, a correction in the stock
market could be on the cards. The Bloomberg Commodity Index is sitting
on its major support. A break below 82 will be bearish.
All posts and charts are for educational and illustration purposes only
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