“All of these markets … aluminum, oil, copper … all had
big, big runs over the past few weeks. So what we are seeing is
just a sharp pullback,” said Adam Sarhan, chief executive of
Sarhan Capital.
The Reuters-Jefferies CRB index .CRB, a global
commodities benchmark, fell nearly 2 percent in its sharpest
one-day decline in a month.
“They all took the stairs up, but are now taking the
elevator down. The question is how far down will this elevator
ride go?” Sarhan said.