The deflationary selling binge in commodities has continued with a vengeance, with sagging crude oil prices leading the way.
Argentina
US Commodity Markets Under Pressure
US markets received a barrage of key economic data points last week that pointed to an improving US growth trajectory.
Disappointing Pace in US Recovery
The markets are facing a repeat of “irrational exuberance.”
The US and Global Economies Showing Better Results
Into the end of April, the US economy was clawing its way toward self-propagating growth, but clearly recent growth has not been strong enough.
Slow and Gradual Recovery In the World Economy
While the US economy is improving, the improvement probably isn’t definitive enough to satisfy US equities, which have recently carved out fresh new all-time highs.