Winners and Losers in Commodities

This year is shaping up to be a roller coaster ride for investors. After a sharp drop of more than 5% to open up the first quarter, stocks have since recovered and are now trading about flat. The interest rate hike that the Fed announced in December suddenly seemed very premature with concerns that deflation may be a very real threat as the year began only to be retracted a month later, damaging the Fed’s credibility with investors and injecting more volatility into the markets. But the perhaps the biggest news we’ve seen this quarter comes from a nearly forgotten part of the global economy.