It starts and ends with commodities
Iron ore hit a fresh 7-year high today and has gained almost 50% since the s tart of November.
Copper prices are at an 8-year high and have gone straight up since March:
Tesla is one of the all-time great parabolic moves and it keeps going higher despite valuations that defy logic. It’s the confluence of the tech and green movements along with the cult of Elon Musk.
The Spanish IBEX isn’t exactly a classic parabolic market but it was among the world’s best performing markets in November. However, it’s showing signs of stalling out. Are there real worries or is this just a pause before completing the comeback?
The Turkish lira is a basket case but the latest move looks like a blow-off. If it can reverse, its’ a good sign for emerging markets everywhere. USDTRY:
What other charts are you watching?