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home / news releases / DJCB - Fade Coronavirus With BHP Group - A Scale-Down Opportunity In The Commodity Giant


DJCB - Fade Coronavirus With BHP Group - A Scale-Down Opportunity In The Commodity Giant

The risk-off conditions over the spread of the coronavirus around the world are hitting the global supply chain like a ton of bricks. Commodities are global assets, so a worldwide recession can wreak havoc with prices. Commodities can be a highly volatile asset class. Raw material prices can double, triple, or halve in value based on changes in the macro supply chain, or the individual supply and demand factors for each market. This week, the price of crude oil plunged to its lowest level since 2016, as OPEC could not agree on a production cut

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Stock Information

Company Name: ETRACS BLOOMBERG COMMODITY INDEX TOTAL RETURN ETN SERIES B
Stock Symbol: DJCB
Market: NYSE

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