Rarely does everything come together like clock-work! Equities, junk grade corporate debt, and high yield/commodity currencies are registering multi-week highs, US Treasuries are making multi-week lows, and now the US Dollar Index is only a few percent from breaking to a multi-week low……and the CRB Index is a mere 3% away from breaking to a multi-week high.
When everything lines up like this experience tell us that “there is a lot more where that came from”!
Looks as if the upside in commodities is just getting into gear (DBC the best way of playing the broad commodity group)
A higher CRB index should be preceded by a strong Aussie Dollar. The AUD stands at a multi-week high
The performance of high yield or junk grade corporate bonds suggests that a risk taking mood has beset markets
It appears as if the USD and US Treasuries are reversing the gains made since July last year.
