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Global recovery warnings are rising as the Delta variant dims the outlook. Nominal US Treasury yields dropped below 1.2% during the week, adding to concern about growth.
Slower global growth and weaker risk sentiment could weigh on energy and industrial commodities, with only indirect effects on feed prices.
reuters.comSaikat ChatterjeeJul 22, 2021After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
