Tag Archives: crude
Commodities Were Energetic in May
Bullish sentiment propelled the S&P GSCI higher by 16.4% in May, its best monthly performance in 11 years. The broad commodity index’s more than 50% exposure to energy was a key contributor to its performance. Energy led the way, with the WTI-based S&P GSCI Crude Oil up 55.0%, bouncing impressively off the lows in April….
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No Gas Left in the Tank for Energy Equities
In our blog post from December 2019,[1] we highlighted the disparity seen last year between different sectors of the commodity futures and commodity equities markets. The second thing to watch highlighted the substantial 25% performance difference in 2019 between the S&P GSCI Energy and the S&P GSCI Equity Commodity Energy Index. However, so far in…
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Energy Continues its Performance Drag on Bonds in August
Crude oil, as measured by the S&P GSCI All Crude was down 20% in July 2015 and has continued its sell-off in August 2015 by dropping another 6.86%. As of Aug. 10, 2015, the index has returned -25.4% YTD. Energy-related bonds in the investment-grade or high-yield indices have added a negative hit to the indices’…
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Rebalance 2015: Handle-Side Or Blade-Side Down?
The 2015 rebalance for commodity indices may be remembered as the one trying to catch a falling knife. Today, two significant events are happening in commodity indices: 1. The world production weighted S&P GSCI is entering its first year with Brent crude oil as the biggest commodity in the index, overtaking WTI. 2. The passive index…
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