Credit Suisse is pulling back:
Still long commodity producers, but less so
■ Everything is awesome: All of the three main macro drivers of the commodity producers have been supportive. Chinese fiscal policy has been in expansion mode, Chinese money supply has been growing and the US Dollar has been depreciating. Since the recent lows in June the iron ore price has surged 35% and the Australian Metals and Mining Index has outperformed the benchmark by 20%.
