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Commodities on Fire

The U.S. Dollar continues its slide, with the Dollar Index falling to its lowest levels since the end of September. The index is now down 14 percent from its March highs.

Capitalizing on this dollar weakness are commodities. The CRB Index, containing a basket of various hard commodities, had its highest close since last November, and has risen 15% in just under 1 month.

While much attention has been given to the summer rally in the equities markets, commodities have strung together a nice rally of their own since July 8.


Stocks Break Out Worldwide

Meanwhile, stocks overseas and here in the U.S. are breaking out to multiple-month highs. The S&P 500 closed above 1,000 for the first time since Election Day (last November 4), and has now moved 48% off its March 9 closing low and is a full 50% off its intraday low of 666 set on March 6.

The picture overseas is brighter too – take a look at the new highs for many international indices:

The U.S. Dollar continues its slide, with the Dollar Index falling to its lowest levels since the end of September. The index is now down 14 percent from its March highs.

Capitalizing on this dollar weakness are commodities. The CRB Index, containing a basket of various hard commodities, had its highest close since last November, and has risen 15% in just under 1 month.

While much attention has been given to the summer rally in the equities markets, commodities have strung together a nice rally of their own since July 8.



The Dow closed today's trading session at its highest level since November 4, 2008. Alcoa (AA), Travelers Companies (TRV), Bank of America (BAC), DuPont (DD), and Cisco Systems (CSCO), had the largest percent gains among the 30 components in the equity index.

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