Commodity weakness broadening, but could bottom out in July

The bounce in US equities in recent days finished the day on a strong note, giving hope that a bit more is in store before prices stall out.  As discussed in recent days, this snapback has been far more defensive than what’s needed to have lots of confidence about a bottoming out process getting underway. While Growth has perked up a bit along with high growth “FAANG” stocks, the underlying damage in Energy, Materials, Industrials has proven ...

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