From the Desk of Ian Culley @IanCulley
Markets are adjusting to rising rates as investors weigh the possibility of “higher for longer.”
Bonds are breaking down to fresh lows. The major US stock market indexes are chopping within a range (perfectly normal from a seasonal and cyclical perspective). And commodities are kicking back into gear.
All of these intermarket pieces fall neatly into a dynamic puzzle. Nothing appears out of place.
But the best information comes from markets presenting atypical behavior or defying expectations.
One commodity is doing just that as we head into the weekend…