Most Important Trend on Earth?

JC Parets
September 19, 2023

Is this the world's most important trend that no one is talking about?

How many people do you know would tell you that stocks are already in their 4th year of a downtrend relative to commodities?

In other words, how many people do you know that would argue we are now in year 4 of a Commodities Supercycle?

Here's what this looks like:

This was a major topic on last night's LIVE Conference Call for Premium Members of All Star Charts.

You can catch the full replay here and download all the slides.

Meanwhile, take a look at Crude Oil Futures hitting the highest prices all year:

Based on the weight-of-the-evidence, this Commodities Supercycle is well on its way.

To be sure, there's little evidence that would suggest otherwise.

And while we can argue that Gold acts more like a currency than a commodity, we don't see Commodities Supercycles without Gold prices participating.

So a breakout here looks inevitable:

Another major theme on last night's call was the fact that the new 52-week highs list peaked on the NYSE and Nasdaq at the exact same time that the US Dollar bottomed.

That is NOT a coincidence.

But what stands out here is how well Emerging Market Currencies have held up relative to the Developed Market Currencies:

There are opportunities in stocks right now, but very different ones than we saw during the first half of the year.

Make sure to watch the Conference Call in full so you don't miss a thing:

You can also download all the slides here for your own notes.

Some people even print them out.

Do whatever works best for you!

Let me know what you think!

JC

 

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