Don't Ignore This Chart!

Stocks and Commodities Down in June


From John Murphy's intermarket perfchart, we can see that stocks (S&P 500) and commodities ($CRB) were down for the month of June. In contrast, Bonds ($USB) and the Dollar ($USD) were up. Strength in the greenback weighed on commodities. In addition, it appears that strength in the Dollar helped bonds. It is also possible that money rotated from stocks to bonds in June.


Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
Subscribe to Don't Ignore This Chart! to be notified whenever a new post is added to this blog!
comments powered by Disqus