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'Soon, all commodity charts will look like gold.' BofA's Hartnett goes bullish on commodities.
Metals prices, natural-resource stocks GNR and Latin American stocks - the latter a proxy for commodities - all are breaking out already. Metals have broken out to new highs Exposure to commodities is the best vehicle to express the "run it hot" policy that the White House clearly intends to follow in the run-up to the mid-term elections next November, he says. Bullish investor sentiment at present, Hartnett says, is predicated on the trifecta of "puts" or market-supporting factors provided by the Fed, the White House and Generation Z, the current crop of younger retail investors who are fully inculcated with the ... (full story)
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