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The Importance of Momentum in the US Stock Market
The Bloomberg Commodity Index right now is about squarely in the middle of its price action for the last since 2016. The grains look like they're going to participate now, not only participate, but possibly be the leading commodity sector within the Bloomberg. Oil and copper got beat up pretty big over the last, some, their highs in late 2018. They dropped with the S&P to the December low. But does that sound like, oh my, the late 70s, which is what we think we're facing now?