The Goldman Sachs Commodity Index appears to have broken its recent down-trend, and may be poised to move higher. As oil is a large component of this index, it suggests that oil is also likely to continue higher.
If higher commodity prices are in our future, rising inflation could become a topic that impacts US stocks (positively), bonds (negatively), and currency (positively).
If higher commodity prices are in our future, rising inflation could become a topic that impacts US stocks (positively), bonds (negatively), and currency (positively).
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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.