Another Leg Down for Commodities?
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Like many others who opine on this sort of thing, in an item
at Project Syndicate Harvard economist Carmen Reinhart says another leg down
(or two) could be in store for the commodities bear market now in its fourth
(or seventh, depending on when you start) year.
 
Even though the dollar has weakened today, the price of WTI crude oil
briefly dipped below the $40 mark which, should this move continue in the
weeks ahead, make the Fed’s deliberations on interest rate hikes all the more
interesting.
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Tim Iacono is the founder of Iacono Research, a subscription service providing market commentary and investment advisory services specializing in commodity based investing.
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