Jodie Gunzberg

Global Head of Commodities and Real Assets
S&P Dow Jones Indices
Biography

Jodie M. Gunzberg is Global Head of Commodities and Real Assets at S&P Dow Jones Indices. Jodie is responsible for the product management of commodity, real asset, and housing price indices, which include the S&P GSCI, Dow Jones Commodity Index (DJCI), S&P Case/Shiller Home Price Indices, and S&P Real Assets Index. These indices are leading measures of the commodities, U.S. residential real estate prices, and composite real assets markets, respectively.

Prior to joining S&P Dow Jones Indices in 2010, Jodie worked for more than a decade analyzing commodities in various roles within the investment management and consulting community. Most recently, she was the chief investment strategist for the Marco Consulting Group. In this role she oversaw more than 350 plans ranging in size from USD 10 million to USD 13 billion, and totaling more than USD 85 billion in assets. Jodie has published many industry pieces on hedge funds and commodity investing and is a frequent speaker and moderator. Jodie has given briefings to the U.S. Senate, the U.S. House of Representatives, and participated in research for national think tanks. She is commonly quoted by the press and has been a guest on BloombergTV, CNBC, Fox Business, Reuters, Sky News, Channel NewsAsia, ETNow, and CCTV2.

Jodie is a CFA charterholder, member and curriculum consultant of the CFA Institute, and is a former director on the Board of Directors for NYSSA and CFA Chicago. Jodie currently serves on the Advisory Board for the Department of Finance of Hofstra University, and the Editorial Advisory Board of the Global Commodity Applied Research Digest of the J.P. Morgan Center for Commodities at the University of Colorado Denver Business School. She received her MBA from the University of Chicago, Booth School of Business, and earned a bachelor’s in Mathematics from Emory University.

Author Archives: Jodie Gunzberg

Here’s One Reason Drivers Should Be Happy

As summer gets underway, there are some commodities that do seasonally well during this time of year.   The one that historically does best in the summer is unleaded gasoline with an average historical third quarter return of 8.2%.  This is not surprising from the increased demand from summer driving as people vacation.  However, the Read more […]

Indexing Alternatives To Survive Brexit

Following the vote by UK citizens to officially leave the European Union, the S&P 500 lost 5.3% in 2 days (Jun. 24-27, 2016) before gaining back 4.5% for a total loss 1.1% through July 5.  In those two down days, gold posted its best consecutive 2-day gain since Aug. 8-9, 2011.  Gold is known as a Read more […]

Gold Shines With Its Biggest 2-Day Gain Since 2011

According to my colleague, Howard Silverblatt, Senior Index Analyst, “The S&P 500 posted a $317.2 billion fall, after Friday’s $656.9, making the two-day fall $974.2 billion – the third worst on record.  The 2-day point drop of 112.79 was the second worst point drop on record, and on a percentage basis, the 5.37% decline for 2-days is Read more […]

Hot Commodities For Summer After Record Heat In Q2

As the second quarter’s end nears, commodities are on pace to post their best quarter in seven years. The S&P GSCI Total Return is up 14.6% quarter-to-date (as of close on June 29, 2016,) the most since its quarterly gain of 19.2% in the second quarter of 2009.  So far in q2 2016, 12 of Read more […]

Commodities Return Best 3-Months Since 2009

Commodities are starting summer hot and early. Ending May, the Dow Jones Commodity Index (DJCI) was flat, but the S&P GSCI gained a total return of 2.2%, making it the third consecutive positive month for the index. This is the first time commodities have gained three months in a row since the period ending in Apr. 2014, and this is Read more […]

Industrial Metals On Pace For Worst Month In 4 Years

While most of the markets have calmed as investors wait for Brexit and the Fed rate decision, industrial metals are crashing. The S&P GSCI Industrial Metals Total Return is down 8.7% month-to date (through May 23, 2016,) and on pace to record its worst month since May 2012, when it lost 9.7%. At this rate, the Read more […]

One Commodity Conundrum Despite 2nd Best April Ever

The Dow Jones Commodity Index and S&P GSCI total return indices gained 9.1% and 10.1%, respectively, in April. For the S&P GSCI, it was the best month in a year, and the second best April ever in history since 1970, only after last year’s April, when it gained 11.1%. Further, the S&P GSCI is up 15.5% since Feb Read more […]

Why This New Way To Invest In Oil In Hong Kong Matters

Now, there has been a long bull market where stocks have outperformed commodities for eight consecutive years, ending in 2015. It’s a record. If markets behaved just as they have in the past, then some investors might say it’s time to switch asset classes. However, the high correlation between risky assets experienced recently like during the Read more […]

Metals Don’t Reflect Chinese Demand Growth

After China reported year-over-year first-quarter growth that showed signs of improvement, it overpowered negative news of the Doha oil production meeting failure and sent commodities rallying. Investors’ attention quickly shifted from oil to the other economically sensitive sector, industrial metals. Many believe the uses for metals in construction and automobile manufacturing are the driving force behind the sector. Read more […]

Every Commodity Benefits From A Falling Dollar

For the first time since June 2014, the Dollar Spot Index yoy% was negative in March. That was one of the main reasons commodities had such a strong month with the S&P GSCI gaining 4.9% and Dow Jones Commodity Index (DJCI) up 4.0%. Since commodities are priced in US dollars, when the dollar rises, it Read more […]