Commodity stocks bounced off their tombstones over the past few days and everyone is now declaring the Trump rally is back. I am here to give you some hot hot black coffee, showing you the reality of the commodity sector.
Inside Exodus, I have a commodity index up that I track. Here were today’s best performers. Note the YTD returns on the far right? Yeah, the sector is still off by 5% for the year, on a median basis.
Here is a chart of the index, which topped out in 2014 and again in February of 2017.
And here is a 1 yr view of commodity stock action. Notice the fierce rally post election, subsequent February top, and flaccid price action since March. This is a sector that has been dead money since February. If you’re buying in now, you better hope the stock action is followed up by substantive news, otherwise this rally will be revoked.
Good news for Option Addict fans. We will be launching an iBC Financial Video Library soon, featuring all of Jeff’s Bootcamp videos, which are timeless. They will be available for purchase by the end of this week, early next week at the latest. For anyone who had missed on Jeff’s classic educational boot camps, this is a great way to catch up and purchase the lessons a la carte.
every bank is buying back shares – ZIRP 4eva
i anticipate the left is tired and out of bullets. god.bless.america, and i fuck8ng mean that. i want people back to work, living life with a purpose
is that too much to ask, as i tear up
Where’s Showtime?
2 day drop and fool-ya whipsaw. Very constructed complexion. You really caught me hiding.
No one talking about the bank trade. $C just destroyed the stress test and double dicked their dividend up to 32 cents per quarter like it was nothing and will steadily increase it with ease.
Buying $C now is like buying Apple back when their dividend was nearly 3% back in mid 2013. Doubled in 2 years.
2s10s
Could be time. Buy commodities. Bullshit bank stocks can sucking cock moar “shares”. Of pedo.