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

Fallen Oil Might Now Be Spilling Into Every Stock Sector

Something unusual happened in August in commodities where energy was the only sector that rose.  Despite the negative non-energy performance, supply shocks created pockets of opportunity for some individual commodities within industrial metals and agriculture. Now, oil has turned negative again from record high inventories despite U.S. production cuts, because OPEC producers have more than filled the gap Read more […]

An Unusual Thing Happened In August: Only Energy Rose

For the first time since March 2008, energy was the only positive sector in the S&P GSCI for the month in Aug.  Energy gained 6.2%, while agriculture, industrial metals, livestock and precious metals lost 5.7%, 3.2%, 0.4% and -4.0%, respectively.  Not only is this the first month in over 8 years for energy to rise alone, but it has only Read more […]

Oil’s Price Rise Boosts All Equity Sectors, But One

The S&P GSCI Crude Oil Total Return is up 15.2%, its biggest six day gain, ending Aug. 18, 2016, since the six day gain of 16.1%, ending on Apr. 13, 2016.  As both the IMF (International Monetary Fund) and IEA (International Energy Agency) consider the oil price as a major input to global GDP estimates, and the IMF states the Read more […]

Commodities Post 3rd Worst July Ever

July was a bloodbath for commodities in the Dow Jones Commodity Index (DJCI) losing 6.0% and in the S&P GSCI losing 9.6% in total return. Although the equally weighted DJCI is still up 7.4% YTD through July 29, 2016, the S&P GSCI that is world-production weighted gave up all its gains from Q2 and is now negative 65 basis Read more […]

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 […]