For months I've been saying that the CRB would form its final 3-year cycle low along with the 7-year cycle low in the stock market. This has been the pattern for the last decade and a half.
Considering the CRB is now deep in the timing band for a major cycle bottom, the odds are good that the low last month was the final 3 YCL. If that's the case, then stocks have to have also formed their 7 YCL. I would have liked to see the S&P 500 test 1600, but it's not looking good for that at this point.
It's time for asset classes to go up together, driven by negative interest rates, and the threat of negative interest rates globally.
