US Stocks are leading all major asset classes, while Commodities are once again struggling with inflation nowhere in sight.
Emerging Markets are now actually down for the year, down 1.2%. China is a major factor, down 3.6% this year.
Natural Gas is up 87.9% over the last twelve months and Lumber is up over 42%. Meanwhile, Crude Oil is down 11.1%, Copper is down 10%, Silver is down 10.7% and Gold is down 3.4%.
Keith Hays & Justin Wood
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