Precious and Base Metals

Commodities pricing in an L-shaped recovery

March 9, 2020
Macro markets remain extremely jittery and are keenly awaiting an unscheduled policy decision in response to the escalating demand (and supply) destruction global event that has been complicated by policy missteps (a ‘too-much-too-soon’ Fed cut, no OPEC deal & aggressive Saudi response). Nicky Shiels, Scotiabank Commodity Strategist, provides a quick note on commodities, which are pricing  in an L-shaped economic recovery.  Download full report

 

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*Commodities Strategists are not research analysts, and this report was not reviewed by the Research Departments of Scotiabank, nor prepared in accordance with legal requirements designed to promote the independence of investment research. Commodities Strategist publications are not research reports and should be considered for regulatory purposes as marketing communications. The views expressed by Commodities Strategists in this and other reports may differ from the views expressed by other departments, including the Research Department, of Scotiabank*

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