Tag Archives: S&P GSCI
2026 YTD Commodities Surge amid Renewed Inflation
S&P GSCI Outpaced BCOM, Stocks and Bonds We recently published The S&P GSCI: Built for the Cycle, a 10‑year analysis of how broad commodity indices behaved across differing inflation regimes, and why the S&P GSCI’s production‑weighted design historically demonstrated a higher inflation beta than alternatives such as the Bloomberg Commodity Index (BCOM). This blog is…
- Categories Commodities
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- Commodities
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From Cocoa to Gold: The S&P GSCI’s Top Performers in 2024 and Seasonal Trends in 2025
Following the close of 2024, the S&P GSCI continued its strong performance into the new year, ending January 2025 up 3.3%. As we move deeper into Q1, we dig into the reasons behind the S&P GSCI’s leaders and laggards in 2024 and the seasonality inherent to commodity futures performance. In 2024, the top three performers…
- Categories Commodities
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- Commodities
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The Market Measure
Explore the dynamics that drove performance trends around the world in 2024 as well as the potential implications of all-time highs for market participants.
- Categories Commodities, Equities, Fixed Income, S&P 500 & DJIA
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Drill Baby Drill: Commodity Performance in U.S. Election Years
Following one of the more politically volatile months of this election year, commodity performance has delivered mixed results. The S&P GSCI Gold rallied 4.3%, while the S&P GSCI Crude Oil fell by the same amount. However, both gold and oil remained firmly up on the year, registering gains of 17.3% and 16.5%, respectively. Overall, they…
- Categories Commodities
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- Commodities
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Commodities Deliver Double-Digit Returns in the Face of Stubborn Inflation
Commodity markets remain on top of the asset class leader board with inflation drawing the ire of the Fed and other asset classes. The upside surprise in U.S. inflation spotlights the potential benefits of commodities as a diversification tool. The S&P GSCI, the leading indicator of broad commodity performance, has produced double-digit returns in 2024,…
- Categories Commodities
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- Commodities
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Energy Pumps up the S&P GSCI and Markets Go Cuckoo for Cocoa
“I think it’s from all those dog-gone cocoa beans. Hey, by the way, did you guys know that chocolate contains a property that triggers the release of endorphins? Gives one the feeling of being in love.” -Willy Wonka, Charlie and the Chocolate Factory (2005) Inflation presented a direct hit to consumers at the pump, with…
- Categories Commodities
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Food Inflation Bites into Income as Commodities March Higher
Inflation continues to impact consumers and policymakers in negative ways. Hedging through broad commodities has proven to buffer portfolio returns, with the S&P GSCI up 5.38% this year. Going into the year, expectations of Fed rate cuts and continued declines in the Consumer Price Index (CPI) pushed inflation concerns aside. Since then, markets have experienced…
- Categories Commodities
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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…
- Categories Commodities
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