Steep losses were recorded in the commodities complex last week, leaving DBC down -10.3%. While you could see that train wreck in the making with ATR widening late in the prior week, the ultimate move came especially fast and furious. Euro-zone trouble didn’t help, giving the US Dollar a relative boost for a one-two punch to commodities and foreign equities alike. While equities once again have “technical” room to move to the upside after the recent multi-day decline, I have to ask myself how many successive “V” recoveries we can realistically expect.
Source: ETF Rewind subscription service.
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