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Rising commodity prices could kill soft landing narrative, are “bull market kryptonite”

Rising commodity prices could kill soft landing narrative, are “bull market kryptonite”
An analyst at US financial firm Raymond James says not to take your eye off steadying and rising commodity prices. “The rally in equities globally since October has been built partially on the continued decline in commodity pricing, which has helped U.S. and European consumers, lowered the inflation outlook/rates, and generally helped build a narrative of “soft landing” around capital markets,” “However, since late May, the Bloomberg commodity index has been moving up (~10%), and though still... Read More
Posted: Jul 25 2023, 03:40
Author Name: forexlive
Views: 092125

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