For the second day in a row we are basking in the glow of an up market (update: or at least we were until the last 12 minutes). Everyone’s happy. But, some people are happier than others. And the happiest amongst the bunch are those people who are long commodities.
Take a look at these charts from Bloomberg for commodities. The gains are mouth-watering. I will have more to say on this snapback rally in stocks, bonds, currencies and commodities later.