Jan 04, 2019 03:33 PM
We have a new calendar year, and potentially a new set of market behaviors! Keep in mind that commodities are somewhat inversely related to equities. History says they will outperform equities if equities are sliding. If the stock market isn’t doing so well, investment funds will tend to steer more dough into commodities that are clearly underpriced. They don’t necessarily care about the fundamentals, they are just betting on prices being mean reverting (rallying back to average).