Is a change in cycles & global macro era may be upon us? If so, commodity currencies look cheap.

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Quotable

And so, from hour to hour, we ripe and ripe.
And then, from hour to hour, we rot and rot;
And thereby hangs a tale.

--William Shakespeare

Commentary & Analysis

Is a change in cycles & global macro era may be upon us?  If so, commodity currencies look cheap.

Back on 5 July 2017 we shared a chart comparing the relative movement of stocks (S&P 500 futures index) to commodities (Reuters CRB index) and said then...

081917 stock comm ratio current.png

...So, longer term cycle analysis suggests a turn in the relative performance of both the dollar and commodities may be upon us.  An accelerated power shift to Asia could be the major global macro driver....READ MORE

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