WIP - Will Commodities Continue To Outperform In 2024?

2024-04-23 08:40:00 ET

Summary

• Most of the major asset classes are in the red so far this year.
• A widely followed marker in the commodities rally is this year’s rise in gold.
• Keep in mind that while commodities are the year’s big winner, there’s still room for debate on whether the latest move is more than a bounce within a trading range.

In December, I wondered if commodities were poised to be the contrarian trade of 2024. Four months later, there’s no competition across the major asset classes: commodities are the upside outlier by a wide margin, based on a set of ETFs through Friday’s close (Apr. 19)....

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