Please consider a series of chart my friend BC put together of various indices vs. the Morgan Stanley Commodity Related Equity Index ($CRX).
$SPX vs. $CRX
click on any chart for a sharper image
$CYC vs. $CRX
$TRAN vs. $CRX
$DJUSRR vs. $CRX
What is the Commodities Sector Seeing that the Stock Market Doesn’t?
The answer from my friend Pater Tenebrarum who also saw these charts is “the coming economic bust in China – which has likely already begun.“
That idea is in-line with several of my recent posts …
Mike “Mish” Shedlock
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About The Author
Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit Sitka Pacific’s Account Management Page to learn more about wealth management and capital preservation strategies of Sitka Pacific.
You are currently viewing my global economics blog which typically has commentary every day of the week. I am also a contributing “professor” on Minyanville, a community site focused on economic and financial education. Every Thursday I do a podcast on HoweStreet and on an ad hoc basis contribute to many other sites.
When not writing about stocks or the economy I spend a great deal of time on photography and in the garden. I have over 80 magazine and book cover credits. Some of my Wisconsin and gardening images can be seen at MichaelShedlock.com