FYI: Whenever we see big moves in different key commodities, we always like to look at how the pricing relationship between them and equities has shifted. With crude oil back near its recent lows, gold hitting new multi-year lows, and the S&P 500 right near all-time highs, previous relationships between these asset classes are shifting fast to levels not seen in several years.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/sp-500-priced-in-oil-and-gold/
