One of the biggest items impacting the stock market the past several years has been all-time or near all-time low interest rates and by definition, low actual and expected inflation rates. Eventually this long, long trend will end and we will begin on a new leg of rising inflation. What will cause that is any one’s guess.
Soybean ETF (SOYB) – Weekly Chart
The long-term trend in Soybeans has been lower … eventually, supply and demand forces will reverse that trend. The weekly chart has been in the condition of contraction in terms of trend strength, the past 7 weeks. Any squeeze higher will possibly break a multi-year downtrend and possibly be a coincident sign of a generational low in inflation/interest rates being made.
Cheers … Leaf_West