US Materials Sector is .12 from… Ding!
The US Materials sector, a prime beneficiary of the reflation by inflation that the Fed and government have cooking, is at a measured target. As the government prepares to spend a massive barrel of pork on roads, bridges and infrastructure, Materials of all kinds will be needed.
The Materials SPDR (XLB) has now come .12 from ticking a simple measured target. That is not a stop sign, but it is a target and now it is history because everyone now knows what they did not know a year ago. They know that it’s inflation, reflation and government spending as far as the eye can see.
The question being, how far can the eye see?
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