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Rembert,
Thank you very much for sharing this. I hadn't even thought to consider DBA in my first analysis for some reason. MOO also shows a similar pattern, which seems to be playing catchup with some of the individual stocks. I think LP may have been shorting MOO against other long positions, and the EV on ETF's can be sometimes difficult to interpret since new units are being issued on a regular basis.
My initial analysis is still playing out, but I believe agriculture stocks have a fair probability of maintaining a leadership role if the market moves higher, especially with the strength being witnessed in materials and energy during the past few weeks.
Best,
Eric
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