One of my followers asked me for a long term play, here's one.
EWZ (Brazil) is still at the same level as 2008. It's in a pennant and looks like it will break upward. Why? What does 2022 and 2007 have in common? High oil and commodity prices.
Materials and Energy is 40% of EWZ plus the currency is rallying because of oil. I suppose you can play DBC (commodity index fund) instead if you prefer or both. DBC is now finally back to 2007 levels.
Now that I think about it, it probably makes sense to park my money in DBC as an inflation hedge.
EWZ (Brazil) is still at the same level as 2008. It's in a pennant and looks like it will break upward. Why? What does 2022 and 2007 have in common? High oil and commodity prices.
Materials and Energy is 40% of EWZ plus the currency is rallying because of oil. I suppose you can play DBC (commodity index fund) instead if you prefer or both. DBC is now finally back to 2007 levels.
Now that I think about it, it probably makes sense to park my money in DBC as an inflation hedge.
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Looks weak premarket because oil is down a bit, but not much really.