It’s not so much an overbought chart (it can certainly move higher, mind you). It’s that I am not an inflation bull; not yet and not until the limiter on the Continuum ™ is conclusively broken…
…and not until inflation expectations break out of a sideways amble.
As I look around and see other aspects of the anti-USD trade floundering (world stocks, EM, China, etc.) I think to myself ‘self, it’s always a good time to book a profit’ and so I do with DBC.
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