Commodities benefit from inflation which is the current environment, if the Fed actually crashes inflation then there will be some pain in XJO.
Also XJO is only 1% up from pre-covid high while SPX still up 16% even after several crashes.
28/11 Indices, page-70
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Last
8,205.4 |
Change
55.400(0.68%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,150.0 | 8,210.6 | 8,147.5 |
| XJO (ASX) Chart |