Across the Board Rally in Commodities (DBC)
Tweet Send to a Friend
From oil to oats, commodity prices are higher across the board on Tuesday. The broad-based rally in commodities paints a picture of a market bracing for inflation. Interestingly, the move comes just ahead of an expected rate cut by the ECB.
After Monday’s weak ISM report in the U.S., there is growing chatter Fed Chairman Ben Bernanke is going to be forced to fire another QE bullet at the weakening economy. With China easing all but guaranteed, it is no wonder the inflation trade is back on.
PowerShares DB Com Index Tracking Fund ETF (NYSE: DBC), which owns a broad range of commodities, is higher by 2.5 percent intraday on Tuesday.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
After Monday’s weak ISM report in the U.S., there is growing chatter Fed Chairman Ben Bernanke is going to be forced to fire another QE bullet at the weakening economy. With China easing all but guaranteed, it is no wonder the inflation trade is back on.
PowerShares DB Com Index Tracking Fund ETF (NYSE: DBC), which owns a broad range of commodities, is higher by 2.5 percent intraday on Tuesday.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- J.P. Morgan (JPM) CEO Dimon Might Have Enough Votes to Stay Chairman - NY Times
- UPDATE: Move Inc (MOVE) Higher, Citron Says Long on Twitter
- Mannkind (MNKD) Gets Pumped; Is It Time to Dump?
Create E-mail Alert Related Categories
Commodities, Trader TalkRelated Entities
Ben S. Bernanke
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
