Sometimes a simple observation in financial markets may be enough to reveal a lot about where the global economy and risk assets are headed. Crude oil (NYSEARCA:USO), which has lagged basic commodities' bullish behavior, is ready to send a new big signal, if it breaks over $52 a barrel and sustains price action above that area. Should that happen, crude oil will align with the bullish behavior of pro-growth commodities, like copper, and will verify that the global business cycle is indeed accelerating. This will most certainly support a move towards new all-time highs for US equities (NYSEARCA:SPY), more pain for US Treasuries (NYSEARCA:TLT), as well as international bond holders (NYSEARCA:BWX), resumption of the dollar uptrend (NYSEARCA:UUP), and higher inflationary expectations across the board. On the opposite hand, if the price of crude oil fails to surpass this crucial market… Read More …