| As the year 2014 got underway, it looked as if commodities in general, and energy, in particular, were headed for a boom year. And with an accelerating economic recovery, U.S. Treasury interest yields surprisingly dropping to post-recession lows, along with deteriorating geopolitical turbulence, the first quarter did not disappoint.
In fact, the newly-christened Bloomberg Commodity Index (renamed from DJ-UBS Index) reached the best quarter since the beginning of the 2008 recession. In doing so, it far surpassed the stock market’s S&P 500 performance during the first quarter 2014. But by the middle of May, a remarkable reversal set in, and has followed with a downdraft that brought the Bloomberg Industrial commodities down from the first quarter’s 21% growth peak to a negative 10% drop into the early part of August, with no rebound in sight...............................................Full Article: Source
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