Commodity Turning Point Seen After Post-Brexit Rebound: Chart
(Bloomberg) -- Commodity prices showed enough resiliency in the past week to suggest they reached “a key turning point” this year, according to Michael Shaoul, chief executive officer at Marketfield Asset Management LLC. In a report Thursday, Shaoul cited the ratio between the CRB Index and the S&P 500 Index, which started rallying in April after plunging 79 percent from a peak in July 2008. The CRB itself lost 3.1 percent in the first two days of trading after the U.K. voted to leave the European Union and rose 3.8 percent in the next two days.
To contact the reporter on this story: David Wilson in New York at dwilson@bloomberg.net. To contact the editors responsible for this story: Chris Nagi at chrisnagi@bloomberg.net, Inyoung Hwang
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Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
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Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
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India Exports Capital. Why Not Export Trusteeship?
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France's Economy & Politics Are In Crisis | The Reason Why
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Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
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FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
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India Is Going Abroad For Critical Minerals. But It May Take Years To Pay Off | The Reason Why
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When Everyone Has AI, What Gives You An Edge?
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