Stocks and commodities fell today, but compared to the rough day seen by hard assets, the selling in stocks was pretty minor. A 1.1% fall for the S&P? Snooze.
The big trend is this: Stocks are giving a beatdown to commodities.
Here’s a look at the SPY (S&P ETF) vs. The DBA (agriculture ETF). You can see there’s been steady outperformance for several weeks now.