Monday, July 24, 2017

Commodity Prices are cheap relative to S&P500 - Inflation starting to show

"We are at a level where commodities are unbelievably inexpensive relative to the S&P 500, levels we have not seen since the peak of equities prices in the dotcom era [and in] 1971 when stock prices were high and commodity prices were very low. The broad commodity indexes have all made their lows, and yet deflation seems to be the talk of the day, rather than inflation."

"One should be a buyer of Commodities and one should tend to be on balance a seller of stocks."

via CNBC