Commodities to S&P 500 Ratio

Commodities to S&P 500 Ratio This great chart shows that the ratio is currently at a 50 year low and far below the long-term average. Picture source: Crescat Capital LLC

BofAML Bull & Bear Indicator

BofAML Bull & Bear Indicator The BofAML bull & bear indicator suggests that investors are bearish. Historically, it’s been positive for risky assets like commodities and equities. Picture source: BofA Merrill Lynch Global Research