Sun, Dec 21, 2014
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Commentaries, Market Moves more

Is the commodity sell-off overdone?

Posted on 12 March 2013

The latest commodity advice from Goldman Sachs suggests the current sell-off may be overdone. Here are the key points from Monday’s note: Shifting to near-term overweight as commodity sell-off overdone: Commodity markets declined sharply in February along with emerging market (EM) equities due to renewed concerns over China, which we believe is overdone.
Although our price targets other than gold remain unchanged, this pull back has pushed our near-term return forecast from 2.0% to 6.0%, making commodities the asset class within the ECS coverage universe with the most robust near-term outlook. However, our 12-month neutral recommendation remains unchanged as our returns forecast is still a more subdued 3.0%, as we continue to remain structurally neutral on long-dated oil and commodity prices due to the structural supply-side response to persistently high prices………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 38538 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
S M T W T F S
« Nov    
 123456
78910111213
14151617181920
21222324252627
28293031