Is the Plunge in Commodities a Bear Market Signal for Stocks?
Despite forecasts for accelerating economic growth and higher prices, commodities, with the notable exception of gold, are taking a big hit.
The Journal of Commerce (JOC) Commodity Index that tracks the growth rate of steel, cattle hides, tallow and burlap plunged 57% in May, the most since October 2008 - something that gave analysts a sense of déjà vu.