Chart of the Day - Thursday, June 23rd, 2022
Today’s Chart of the Day was shared by Bian G (@alphacharts). The chart shows the 1-year performance of Commodities ($DBC), Stocks ($SPY), and Bonds ($TLT). Commodities have been dominating Stocks and Bonds since the end of 2021. However, they've come under pressure recently, while Stocks and Bonds have stopped going down. The Commodities ETF, $DBC, has corrected 10% from its peak in the past nine days, putting it on track for its first down month this year. This is a clear change of character for what has been the leading asset class this year. As Commodities lose momentum, the question is - Will we see a rotation back into Stocks and Bonds? Or, will all three continue lower?