According to data captured in Charles Schwab’s most recent Trading Services Sentiment Survey, only 10% of traders say they have a bearish outlook for the next three to six months.
There's speculation that Chinese demand for the raw sweetener will exceed forecasts for a second year.
Fuels and precious metals led commodities lower and Treasuries rose before the Federal Reserve announces its plans for monetary policy tomorrow. The Standard & Poor’s 500 Index fell while the benchmark gauge of equity volatility extended gains to a two-month high.
The stock market could use a healthy correction soon, before prices start rising at an unsustainable pace.