Is Inflation returning?
The Big Picture: Asset Class Performance Summary
Is it time to roll out the inflation bandwagon once again? Only time will tell, but recent performance seems to be pointing towards rising prices. The month of April was characterized by strong inflationary trends with the broad commodity index gaining sharply along with a substantial move in the price of Oil. A chart of West Texas Intermediate shows the sharp rally that occurred in the past month drove prices firmly above their 50-day moving averages- signalling a change in the intermediate trend. [Read more…]