Baytex Energy Corp T.BTE

It doesn’t look good for commodities

[1234bmth]

Markets are green and making all time highs, it is unfortunate that commodities are really getting hit and can't participate in markets rally.

[liljohnnyjoke]

Yeah they keep telling us how fantastic the economy is yet sinking demand for all commodities points more towards recession.

[Kelvin]

The last ISM manufscturing numbers in the US was around 47, if memory serves, indicating contraction in manufacturing activity. Anything under 50 is contraction. 

[liljohnnyjoke]

A handful of The FAANG stocks. TSLA and other AI related stocks account for about 50% of this years market move, nothing else working. either down or flstlining.

[Cobalt]

The USD is surging, and there are rumors of a 5%, 6%, or even 7% US GDP coming. America, with its substantial energy reserves, is poised to dominate the AI sector. For the first time in a long while, I've exited commodities, witnessing a 500% increase in copper miners over five years. It's time to bid farewell to the Green New Deal and welcome the soaring USD. Well i do I currently hold