THIS Forgotten Sector is Dominating the Stock Market
We all know where the big moves in the stock market have been over the last year. Technology and Stay-at-home stocks have boomed to all-time high levels. Over that time, there’s a sector that many considered dead in the water. Now it is catching a bid and in a big way.
We’re talking commodities… Oil, copper, steel, iron ore, aluminum, and even soybeans are all in strong uptrends. Look at the nice steady climb of the First Trust Global Tactical Commodity Strategy (NASDAQ: FTGC) Chart.
Here is why this is extremely important…
While higher prices for commodities signal strong economic growth, higher prices for finished goods also indicate inflation. If prices continue to rise and quickly, the federal reserve could ease its fiscal stimulus to slow-down inflation. That policy change would completely change the dynamic on Wall Street and the bullish nature we have seen over the last year.
WATCH THE FULL INTERVIEW to see how to play the commodity markets and what to look out for.
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Midas Letter is provided as a source of information only, and is in no way to be construed as investment advice. James West, the author and publisher of the Midas Letter, is not authorized to provide investor advice, and provides this information only to readers who are interested in knowing what he is investing in and how he reaches such decisions.
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