Stock Market Disconected Frtom The Real World?
Recent bull rally in stock market turned many investors in party mode. Comparison with the commodities markets shows divergence between mentioned. Negative one year performance for gold and oil in contrast with the impressive 22.55% for Dow Jones rise.
Usually when economy is growing commodities prices rise driven by strong demand. Here situation is a bit different. We have flat one year trend in oil compared with booming stock prices. The question is whether the stock market is overbought or commodities are oversold?
Usually when economy is growing commodities prices rise driven by strong demand. Here situation is a bit different. We have flat one year trend in oil compared with booming stock prices. The question is whether the stock market is overbought or commodities are oversold?
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.