Sometimes everything comes together beautifully.
And when that happens in the markets, incredible gains are possible.
Here's what I mean...
Organization for Economic Cooperation and Development (OECD) data indicates that, for the first time since 2008, none of the G7 economies are in recession right now. Indeed, as of Q3 2017, "no major economy is in contraction mode."
And much more importantly, the emerging economies, especially China and India, which routinely lead the world in economic growth, are seeing robust, convincing expansion, too.
This is the real deal: synchronized global growth. It's happening right now.
Global manufacturing data hit at its highest level in six years. The Global Manufacturing Purchasing Managers Index (PMI) is above its 90-day moving average. At last read, it was at 54.4 and has been effectively "stuck" above the important 50-point mark since mid-2016.
All of this growth means demand for resources is rocketing right now. The crushing, five-year bear market that ravaged the Commodity Research Bureau (CRB) commodity index and vaporized 60% of its value is a distant memory. The CRB has already recovered close to 25% of those losses - and the fact of synchronized global growth means lots more gains are in store.
What's more, the relative costliness of just about every other investing segment means the resource market just might be the last great untapped value out there.