Something has clearly spooked the bond market over the last five months. Looking at the CRB Index, that something appears to be inflationary pressures. The CRB Index bottomed in early July and advanced over 30% the last seven months. Bonds peaked two months after the CRB Index bottomed and declined some 13% the last five months.
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About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. 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.
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