One of the commodity bull scenarios, the one I'm think is most probably right now, is the coming pullback in assets is less pronounced in commodities. Crude bottoms around $80 (throwing out a number, not a target), copper $4 and so on, while stocks suffer much larger declines. Avoiding losses in equities is the best move now, buying commodities and the new market leaders (won't be tech/growth broadly speaking) on the dip is the next move.
反倾销调查持续 欧盟聚焦中国钢铁制品
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欧盟宣布对产自中国的部分钢铁制品、木地板展开反倾销调查,对前者调查预计持续14个月,欧盟可能在7至8个月内征收 […]...
Thanx for the shout-out. I agree with your diagnosis, but the one thing that prevents me from closing my inflation positions is the French election on Sunday, after which the EU is supposedly going to announce an embargo on Russian oil. This would send oil back up. My hunch is the EU has lost a battle -- Mariupol -- and so has to counterattack via sanctions, even if it means slitting its own throat.
ReplyDeleteOh, by the way, the pro-inflation ETF INFL also lost support yesterday.
ReplyDeleteFCPI similarly hit.
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