Commodities under temporary pressure with rates rising

US Equity markets largely remain in choppy range-bound consolidation with SPX within 1 point of levels hit two weeks ago at this time (SPX-4132). Rates have pushed back higher again following Wednesday’s strong retail sales print, giving hope that the economy very well might be positioning for a soft landing, or “No landing”. 

Real yields turning higher seems to be negative for commodities, and as charts will show in this report, still makes b...

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