With the commodity volatility, I found June was a challenging month. For the most part, I have left my positions unchanged. That is, I remain with a heavy bias toward commodities.
The release of oil from the Strategic Petroleum Reserve certainly shook up the market. However, I agree with Mark Fisher's view that he expressed 23 June 2011. And here we are a week later, and oil prices are up with West Texas Intermediate and Brent at roughly $95 and $112 respectively.
I am looking forward to earnings season when we will get greater insight as to how companies are performing and their outlooks for future.
For those who are tuning in via RSS or email, you might have to visit my blog to see CNBC's video of Mark Fisher.