Courtesy of Chris Kimble.
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When it comes to assets being in long-term bull markets, Commodities and interest rates do not come to mind, as each has endured long-term bear markets. Could these long-term trends be coming to an end? Possible
The 2-pack above looks at Commodities ETF (DBC) and the Yield on the 10-Year note on a monthly basis over the past decade.
Each is attempting to break out above resistance levels at the same time at each (1). We haven’t seen this type of an attempt in years and years friends!
If these long-term trends are changing directions, numerous out of favor commodity assets would do well going forward.
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