Are we there yet? Are we there yet? Are we there yet?
So many questions. Let see if I have any answers …
I was commenting to Jack early in Wednesday’s trading session that corn and copper were making me look good so far this week. Corn then proceeded to drop as much as 3% over the next two hours; and copper pulled back too. I think I’ll just keep my mouth shut from now on.
Anyway, these two commodities have a bit of a fundamental kicker to them that could propel them higher in the near-term … as we saw earlier in the week. That kicker can be summed up in one word: China.
But there is a bit of a caveat - China could be the reason for a rally … or a decline.
No new recommendations or adjustments at this time.