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Equities beat commodities as surpluses mount

Posted on 12 March 2013

The rally for the stock market is coming at the expense of raw materials including crude oil, wheat and gold as equities trade at the highest valuation relative to commodities in four years.
The CHART OF THE DAY shows the ratio of the Standard & Poor’s 500 Index of equities to the S&P GSCI Spot Index of 24 raw materials reached 2.4 on March 6, the highest since February 2009. The S&P 500 is less than 2 percent from a record reached in October 2007 and has rallied 8.8 percent this year. The GSCI is up 0.3 percent in 2013 and 27 percent lower than the all-time high touched in July 2008………………………………………..Full Article: Source


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