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Commentary notes that the Fed is raising rates while commodity prices are falling, reversing the usual pattern in past tightening cycles. The author attributes the decline to weak Chinese demand and a slowing global economy.
Broad commodity weakness linked to slowing Chinese and global growth points to continued downward pressure on feed and energy prices.
articles.stockcharts.comJohn MurphyDec 21, 2018After 4,478 past macro events, US Dollar (Broad) moved a median +0.0% over 5 sessions (51% higher; middle half -0.4% to +0.5%), and +0.1% 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.
