There's Strength in Commodities
The U.S. dollar has curiously held up as the rise in crude and other commodities continues. Oil has pulled close to the $100 level on hope that Europe is not a total disaster and that China gets its growth engine back in gear. Hope is never a strategy, but it is something to trade on. The market tide is lifting all boats and with volatility down, the excessive fear of risk seems to have subsided for now.
Does that mean we are complacent? Not necessarily. A low Volatility Index (VIX) may imply pressing more risk. Coupled with a lower dollar and selling in bonds, we see rotation into riskier assets....173 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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