Basic Rules of the Commodity Cycle: When SPY is on discount, they buy it back. When commodities are on discount, they buy it back.

BUT they PREFER more and more commodities over SPY because economy has weakened and

SPY is overcooked. AND economy will weaken and go to recession and

REMAIN weak for 4 years afterwards.

SO within a commodity cycle you have ‘swings’ or counter-trend movements WITHIN

the upward cycle movement.

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