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Why surging oil and copper prices are 'completely detached from reality', Commerzbank says


Why surging oil and copper prices are ‘completely detached from reality’, Commerzbank says
MarketWatch
2/18/2021
NEED TO KNOW
The GameStop frenzy may have cooled down but attention will turn to the fallout later on Thursday as lawmakers are set to grill the key players. 
A number of the principal actors are set to face the House Financial Services Committee at noon following the backlash against online trading platform Robinhood and other brokers’ decisions to temporarily restrict trading in some so-called meme stocks, like that videogames retailer, last month.
The bond market selloff, and rising Treasury yields, also remain in focus, confirming optimism over the COVID-19 recovery but also sparking concerns that inflation could rise. The yield on the benchmark 10-year Treasury has jumped 38 basis points this year. U.S. stocks fell at the open after weekly jobless claims came in at 861,000, the highest in a month. ....

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