Tag Archives: S&P GSCI Grains
Twenty-First Century Fox: DJCI Gold Tops Stocks and Bonds This Century
The equity markets roared to the finish line, easily passing commodities and bonds with a 26.3% return for the S&P 500® in 2023. Much of that rally could be attributed to declining consumer price indices and favorable Federal Reserve guidance, with increased confidence in a soft landing. Declining inflation can best be observed at the…
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The S&P GSCI Cooled in April as Inflation Cooled
The S&P GSCI fell 0.8% in April as the Fed’s preferred measure of inflation, Personal Consumption Expenditures (PCE), fell slightly on a year-over-year basis to 4.6%. Continued elevated readings of inflation, albeit cooling, led to market expectations that the Fed would hike rates again in May to bring inflation back to its 2% target. Commodities…
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Commodities Challenged by Slowing Global Growth in November
Commodities, represented by the broad-based S&P GSCI, fell 1.7% in November on the back of weakness in the petroleum and grains complexes. Global commodities markets were particularly hit this month by worries over rare demonstrations in China against COVID-19 curbs, with oil and grains falling to multi-month lows and safe-haven gold rising. After 11 months,…
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