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Bank says metals headwinds could get gusty

The 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".

Bank says metals headwinds could get gusty Bank says metals headwinds could get gusty Bank says metals headwinds could get gusty Bank says metals headwinds could get gusty Bank says metals headwinds 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