Global market swings point to geopolitical interference in the economic world. Bond markets appear to be driving equities after political instability in Italy increased, sparking a global stock selloff, which yielded a chain reaction of indecisiveness in other inter dependent commodity and forex markets.
I conclude that this instability will finally decide the long-term directional move of the different commodities. No doubt that the prevailing geopolitical moves may take a U-turn any time during the upcoming months, but the prevailing theory of the bully who tries to grab as much oil as possible to strengthen his economy regardless of the impact on other markets remains to be seen.
I expect the following directional moves in natural gas WTI crude oil, the USD, 10-year T-bill yields, S&P 500, as well as gold and silver.
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