Commodities look to be forming a start of a nice breakout against the S&P. Commodities are undervalued versus history and are a good diversifier for stagflationary environments. it is interesting that commodities haven't seen a stagflationary bid yet. we might see one in the near future.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.