tGreetings,
Commodities: Commodity inventories have been drawing down to near-record lows over the past year.
Copper and aluminum inventories remain extremely low (2 charts).
Energy: Brent crude is nearing $117/bbl, the highest level in a decade.
Equities: Small caps are widening their outperformance.
Rates: Treasury market liquidity has deteriorated.
United States: The Atlanta Fed’s GDPNow model points to very slow GDP growth in Q1.
Food for Thought: Americans’ views of Russia:
Edited by Daniel Moskovits
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