Weekly MOTR Report (WMR): “Commodities Breaking Out…Don’t Ignore.”

Highlights

  • With all eyes on NVDA this week, let's not lose sight of last week's big reversal in commodities.
  • While gold is the most talked about commodity these days, the fact is that Industrial Metals are just as strong, and Energy is poised to resume its uptrend as well.
  • The dollar, which typically moved opposite commodities, has been deceptively strong, contrary to the sideways trend in the widely followed Dollar Index. 
  • The 10 year treasury yield has also fallen back to trend. . .

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