The stock market has been optimistic about inflation since late 2023, but price pressures may be returning as the Federal Reserve considers interest-rate cuts. The price of energy, shelter and materials have quietly risen in the last month. The increases follow months...
Gold has consolidated for more than two years, and now it may be inching toward a breakout. The first pattern on today’s weekly chart is the rally in October between roughly $1,812 and $2,000. That move broke a falling trendline from the summer when bond yields were...
Alcoa rallied early last year after the Ukraine war threatened aluminum supplies. It’s struggled since and now some traders may expect further pushes to the downside. The first pattern on today’s chart is the series of lower highs since August (marked with red...
Steel stocks are flying as investors scramble to stay ahead of spiraling inflation. The DJ US Steel Index ($DJUSST) surged 29 percent in February. It not only hit a 13-year high. It also outperformed the S&P 500 by a whopping 31 percentage points. That was its...
Last week, we cited the potential breakout in the SPDR Gold ETF. Today’s chart shows a similar pattern in miner Barrick Gold. First, consider the series of lower highs since August 2020. Then notice how the price action Friday and today violated this downward...
Inflation has done more than just roil the stock market this year. It's also triggering activity across the futures market, covered in today's post. Contracts tracking products like crude oil, gold, natural gas and soybeans have been on the move as the economy swings...
Inflation is a key theme for investors this year. Aside from lifting energy stocks, it's also boosting a lesser known corner of the market: agriculture. Companies like Deere (DE), Archer Daniels Midland (ADM) and Mosaic (MOS) have outperformed the market by a wide...
The rise of inflation has investors quietly returning to many commodity-related stocks that were popular 2003-2007. One of them is Bunge. Earlier this month, the soybean processor touched its highest level in over 13 years. It pulled back but is trying to stabilize...
Silver has been dead money since the summer as the U.S. dollar ripped higher. But now it’s attempting a breakout -- despite next week’s looming Federal Reserve meeting. Notice how the iShares Silver Trust (SLV) made a higher low on January 6 versus its nadir the...