SPY spent the month of March fighting back, on a relative basis, against commodities. April, however, has seen commodities regain the upper hand and resume its relative strength against the major US equity benchmark. If a commodities "super cycle" is in the works, this will be a great chart to watch with further repercussion for EEM and other material/commodity influenced alternatives.
Note
CRB now tapping on the upper end of its resistance band - see new post dated 6/10.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.