Oversold Inflation Reading Was a Buy Signal for Commodities

Days after my July 4, 2023 call in this note…….

……the U.S. inflation rate touched 3% and registered a monthly oversold reading.

And since that date, the buy signal in commodities (the S&P GSCI) has resulted in a rise of 12.7% over the past 46 trading days.

My thinking of ‘warming to commodities’ remains intact.

September 7, 2023

by Rob Zdravevski

rob@karriasset.com.au