Energy products «have staged pretty healthy rallies, like 10 percent of their price over the last two or three weeks, but they all have still
relatively weak fundamentals, and the same is true in the base metals,» Christian said.
«Several positive underlying
fundamentals, particularly a stronger labor market and improved household spending power due to reduced energy expenses, should lead to a rise in home sales despite growing global economic concerns and
relatively weak GDP growth,» he said.