| Broad commodities saw a strong start this year and are clearly outperforming global equities and bonds, indicating that the five-year bear market for commodities has finally come to halt. Notably, the Bloomberg Commodity Index, which tracks returns from 22 raw materials, is up over 11% compared to gains of 6% for the global bond market and over 2% for equities from a year-to-date look.
Commodities gained over 20% from the lowest level it touched on January 20, reflecting that the index has entered a bull market. This represents the best start since the notorious commodities’ price spike of 2008...............................................Full Article: Source
|