We’re in commodity-stocks that have benefitted from the commodity turn higher. The CRB Index is at a 52-week high. And I believe the secular bear market that we’ve seen over the last decade is going to turn into a new secular bull market in commodities, helped by the Fed wanting higher inflation and positioning things for that to happen.
But we’re in commodities. We took great profits on steel (SLX), USO and PPLT, and we’ve still got E, SLV, XOP, GDX, XOM which are all commodities or influenced by them.
Biden supposedly wants an infrastructure plan (but so did the last several presidents). So we’ll have to see if it gets implemented.
Commodities, in general, are in a bull market now.