| Commodity prices have been heading lower for more than four years, and according to data accessible via Bloomberg, commodities have been the worst performing asset class of 2015, with the most severe losses in cyclical commodities, such as oil and industrial metals. Based on the Bloomberg Commodity Index, the commodity asset class is now down roughly 50 percent from its 2011 high.
It’s no wonder, then, that many investors are asking me: Have commodity prices reached a bottom? My take: It’s still probably too early to call a bottom. As I write in my new Market Perspectives paper, “Can Commodities Come Back?”*, commodities have been hurt by several, interrelated supply and demand trends, none of which appears to be going away anytime soon...............................................Full Article: Source
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