Provisus Monthly Insight – July 2017
COMMODITIES BOTTOM OUT – Typically, commodity prices go through longer bear market cycles compared to bull market cycles while the opposite is usually true for stock prices. While Canadian equity markets are slightly off the record highs set in February 2017, commodities, relatively speaking, are dirt cheap. In fact, they are basically the cheapest they have been since the all-time high was reached in June 2008. Commodity prices have fallen 56.9%, based upon the decline in the S&P GSCI Commodity Index over the past 9 years.
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