Question on Commodity prices Business, directly, general, backing, returns

canadiananalyst

R36, Pg. 54, V5: Under special risk characteristics, 1) Business cycle-related supply and demand.
3 points are given why commodity returns have been weakly correlated with stock and bond returns.
Point No.1 - Agree with it
Point No.2 - Ok. If you say so, can’t argue without any backing, but ok, that’s the general characteristic of a commodity
Point No.3 - Commodity prices tend to decline during times of a weak economy. Doesn’t this directly contradict the second point? Bond and Stock prices also decline during times of a weak economy. So how are they weakly correlated??
Thx