Summer Crash?

[Hamloc]

MARKET WARNINGS: Collapsing iron ore and now precious metals. Gold and silver stiff price fallout in-progress. 'Buy-the-dip' chant heard again in the equity world, but central bank stimulus has clearly lost effectiveness. Recent weather-related crude oil gains seen temporary at-best. Natural gas now overbought technically. Soybeans and corn remain in-a-downtrend. China commodity business slowing. VIX volatility index calm. Investors remain confident the U.S. Federal Reserve will be the ongoing financial backstop despite the incoming economic slowdown. Recent inflationary pressures seen temporary. Deflationary risks may be just a stock market correction ahead. ProMarket Wire, Calgary

So the price of Aluminum is just under $2900 per tonne up over 45% from Jan. 1 and up over 70% from pre pandemic levels. Certainly looks like a commodity price collapse!

[errolanderson]

Must be just about time for the next leg up.

Good point jwab . . . but a number of factors appear surfacing quickly (overnight) that can change of the direction of markets quickly.

Normally, don't post alerts on agriville, but the Fed has investors smelling-the-Koolaid, when there isn't any. Commodity rallies tend to be short-lived . . . selloffs are unexpected and harsh by-nature.

[Marusko]

While those helpful govt regulations were in place, the families in that industry went bankrupt and sent the next generation to live in Toronto. So now the maritimes is a hollowed out aging welfare state.

And now chinese boats fish the grand banks.

those families were on that trajectory already, with or without regulations.

[errolanderson]

Stock markets now appear to be in a slow-motion rollover . . . .

Some stocks have now recently lost 20% of their value. Buy-the-dip cries appear not as loud this time around . . . .

[biglentil]

Shipping rates hone mad.

[errolanderson]

News China banning crypto transactions plus more economic slowdown stateside and China appears not willing to bail out Evergrande. More developers heard at-risk. Precious metals also in-a-tailspin . . . .

Ironically, bad news is good news for the U.S. stock market. Yesterday's rally proof of that . . . Investors now highly conditioned by the Fed. This gig is so up (IMO) . . . .

[crusher]

And in an unrelated report, commodities up again with many above their 20 day moving averages.