Headwinds for metals could get gusty

BANK of America Merrill Lynch (BofAML) sees three thematic headwinds to commodities in 2019 but remains optimistic about favourable fundamentals for most as the "business cycle matures".

Headwinds for metals could get gusty Headwinds for metals could get gusty Headwinds for metals could get gusty Headwinds for metals could get gusty Headwinds for metals could get gusty

"While we remain modestly positive on commodities, differentiation is essential, and three macro downside risks stand out: a collapse of the US-China trade relationship, Fed monetary policy tigh...