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iPathA Series B Bloomberg Copper Subindex Total Return ETN
As of early April, Bloomberg Commodity Index is up 33% over a year earlier. During that same time period, lumber has rallied 280%, with copper and corn rallying 100% and 80%, respectively.
Inflation fears and a belief in post-pandemic economic recovery could be signaling the early days of a commodities supercycle.
With 2 trillion in market cap, cryptocurrency could be siphoning dollars from traditional inflation hedges like gold.