1/14/2018 Total market view: "The commodity theme could be especially worth watching along with value as a factor; as healthy global economy along with commodities as an asset class near the bottom of returns for most of the decade could combine for a healthy rebound in returns this year."
1/14/2018 Total market view: "Oil getting institutional rotation to start 2018. DXY below all pivots and likely going lower. Also, since commodities have been near the bottom of asset allocation models for many years, think this could be year for significant improvement."
3/4/2018 Blog post: "Some of the smart money sources I trust, especially Jeffrey Gundlach, have been on to commodity idea from the beginning of the year. I recently retweeted something similar from Paul Tudor Jones. Keep in mind I am not simply jumping on bandwagon here as I have been thinking this way too from mid January: "Also, since commodities have been near the bottom of asset allocation models for many years, think this could be year for significant improvement."
USO now 20% YTD leading major asset classes this year, and DBC up a respectable 8.25% vs SPY 2.34%.
USO is one of two major asset class I am tracking to reach YR2. The other being TNX, also no surprise to readers of The Pivotal Perspective, which was loudly bearish bonds (and bullish yield) from the beginning of the year.