We know pulling people’s attention away from stocks is tough, especially when they’re rallying. But as we close out the week, we wanted to point out that many of this week’s top-performing assets were commodities.
The chart below from Finviz shows that nine of the top ten performers this week were commodity futures, with Natural Gas topping the list at +16.19%. 🤩
That’s in stark contrast to the last year, where many of these same commodities fell aggressively as supply chains improved and the Fed worked to bring down demand. But now that many in the market believe that inflation has been tamed and the U.S. economy remains intact, could there be a potential for a rebound? 🤔
It’s a question a select group of investors are considering. Very often, the risk that matters is the one that people have forgotten about. And right now, little attention is being paid to commodity prices as they begin to move up again.
Time will tell if this trend continues to develop. Nonetheless, we thought putting on everyone’s radars as we head into the second half of the year was worthwhile. 👀