Tag Archives: DJCI

How Commodities Might Do Under Clinton, Trump

In October, the S&P GSCI Total Return (TR) lost 1.5% but the Dow Jones Commodity Index (DJCI) TR gained 0.1%.  The performance disparity was mainly due to the weighting difference in energy since crude oil in the indices slid near 10% from its mid-month high, on doubts over OPEC’s ability to agree on production cuts and 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 […]

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 […]

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 […]

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 […]

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 […]

The Commodity Catastrophe of 2015

2015 will go down in history as one of the worst years ever for commodities. The S&P GSCI Total Return lost 32.9%, posting its 4th biggest annual loss in history since 1970, and the Dow Jones Commodity Index (DJCI) lost 25.3%. Below are some notable statistics about what happened inside the indices: 2015 ended the S&P GSCI’s first 3-year consecutive Read more […]

November’s Worst Commodity Nightmare

Unfortunately for commodities, there’s no waking up from this nightmare. It’s real. Since 1970, the S&P GSCI has never seen a Nov. with as many as 21 negative commodities. After a glimmer of hope in Oct., only 3 commodities, sugar, cotton and cocoa are on track to be positive in Nov. In other words, for every Read more […]

WTI Reclaims No.1 Spot As The Benchmark Oil In 2016

S&P Dow Jones Indices today announced the composition and weights for the 2016 S&P GSCI and Dow Jones Commodity Index. The two indices have the same constituents by definition but the weighting methodologies are different. The DJCI is equally weighted with 1/3 of its weight to each sector – energy, metals, and agriculture and livestock, Read more […]

Commodities Post 3rd Worst Q3 Since 1970

The S&P GSCI Total Return lost 19.3% in the third quarter of 2015. This was the 5th worst quarter and the 3rd worst 3rd quarter for commodities in history since 1970. Historically worse quarters were: Q4 2008 (-47.0%,) Q3 2008 (-28.6%,) Q4 2014 (-27.7%,) and Q3 1976 (-20.2%.) In total, there have been 183 quarters where 67 were negative Read more […]