From the desk of Steve Strazza @Sstrazza and Ian Culley @Ianculley
Risk assets have been getting hit for the past two weeks. Stocks have been under pressure, and commodities have been struggling.
Meanwhile, we never saw any real follow-through lower in the Dollar, as DXY has bounced right back to the upper bounds of its year-to-date range.
But, as usual, we continue to see pockets of strength in the commodities complex.
Last week, we wrote about the resilience from base metals, such as Steel, Nickel, and Aluminum.
More recently, we’re seeing relative strength from the Energy complex. That’s what we’re going to talk about today… [Read more…]