Long Wood

March 20, 2021

In case you hadn't heard, Commodity prices are soaring. The CRB Commodities Index has practically doubled over the past year.

And while sure, many assets are up a lot over the past 12 months, it's the fact that the Commodities Index is above the 2016 lows that makes it a big deal for me. Same with interest rates. If the US 10yr Yield and CRB Index are above those lows, then inflation is here baby!

Get used to it.

We're seeing it across the intermarket landscape.

And speaking of landscape, did you see the Global Timber & Forestry Index breaking out to new all-time highs?

There's nothing like some good $Wood to really spice up the portfolio.

With new all-time highs, and a clear leader in the Commodities space, this is an area we have to own.

Owning some $Wood is the way to go, but only if we're above those 2018 highs.

This is a common theme around here, anchoring to 2018 highs, which was some sort of peak in risk for almost every risk asset in the world.

We want to be Long $Wood if we're above 83 with a target up above 111.

Check out our complete Commodities Report here.

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