This weeks chart features commodities & the benefits of investment portfolio diversification. US Equities (shown here via $SPY, plotted in orange) had a tremendous run off the March 2020 Covid lows. But if you've missed it, note how the relative strength of commodities (in this case the CRB index) have outperformed SPY (relationship graphed via the blue line) well before US Equities started to stall out. Every commodity index is different, and most have recently been "held back" (thus far) by their precious metal weightings (CRB has approx 7% PMs; several other popular commodity indices have more). Always paramount to "Know what you own".