Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMarket Prep website joins us to discuss the breakout in key commodities with yields, the USD and markets remaining strong as well. Rate cut expectations have come down to less than 3 this year as economic worries subside and clearly money continues to rotate to a range of sectors. Now has been the time for commodities to shine.
A major statement from Joel is that rates will remain high long term – “Rates could stay between 3-5% for a decade!”