Just looking around the markets. Corn peaked last week (for now) and that may have had something to do with the Senate vote to kill ethanol subsidies. Maybe.
Check out these three charts:
This is the coffee ETN. Looks bad for bulls, great for addicts such as yours truly.
This is the sugar ETN and it looks mighty sweet (come on, you where thinking the same thing).
And here is Brent crude oil. We all know that West Texas broke down but this one makes me a lot more comfortable with my long-term bull call on energy.
The point – not all hard assets are bad. In fact, I think most are quite solid.
