Dominate Your Market
by Jim Wyckoff
The bull market run in Nymex crude oil futures rolls on as prices early this week hit a 13-month high and are closing in on major psychological resistance at $60.00 a barrel. Importantly, rising crude oil prices combined with rising U.S. Treasury yields suggest the “inflation trade” is gaining in popularity. That’s bullish for the raw commodity sector and could eventually be bearish for the stock market. Stay tuned!– Jim
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