The hard-asset complex. Crude oil (WTI and Brent), natural gas, the base metals (copper as a leading-growth read, gold as a flight-to-safety asset, silver, lumber), agricultural commodities (lean hogs, wheat), and sector ETFs (XLE energy, LIT lithium, URA uranium, REMX rare earths, COPX copper miners). The commodity complex leads industrial production by 2-6 months.
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