BCM News and Press, iPath Pure Beta Broad Commodity ETN From 10/11/21

Bonds sold off again last week, with the yield on the 10-year Treasury closing over 1.6% for the first time since early June. But this rise in rates is at least a little different than the fall that preceded it. When nominal rates fell from April through July, real rates fell right al...

The latest leading economic data indicate that the US recovery/expansion is intact and that US GDP will continue to grow at an above-average rate for at least two more quarters, albeit not as quickly as it grew during the first half of this year. Note that the GDP growth number for Q3...

After rising 90% from its March 2020 low, the Bloomberg Commodity Spot Index which tracks 23 energy, metals and crop futures contracts, yesterday surpassed its previous all-time (fleeting) highs touched in 2011 and 2008. Chinese credit impulse has been contracting since last spring an...

Risk-adjusted performance continued to rise in September for the Global Market Index (GMI), an unmanaged, market-value-weighted portfolio that holds all the major asset classes (except cash). GMI’s 0.97 Sharpe ratio is close to the highest levels reached in recent history. ...

Most of the market “data” everyone obsesses about is just noise, especially when it comes to economic data. We just finished another quarter during which a lot of things were supposedly newsworthy but somehow produced almost nothing in the way of major market movements. ...

Global Market Index is useful as a starting point for research on asset allocation and portfolio design. Predictions for the market components are subject to greater uncertainty compared with aggregating forecasts, a process that may cancel out some of the errors through time. Com...

Global Private Equity is in the lead, up 19.7% after its 2020 gain of 12.5%. Emerging Markets are the laggard with a YTD gain of just 1.5%. Commodities have come on strong this year after losing -7.8% last year. US REITs have rebounded strongly from last year's -4.7% decline. High...

Global markets suffered their broadest retreat in a year during September. The bullish exception: commodities, which delivered a solid gain last month. Notably, US stocks and bonds lost ground, giving support to concerns that the historical diversification benefits of pairing the two ...

The post-lockdown recovery has been powerful, and most developed economies have seen double-digit gross domestic product (GDP) rebounds from 2020 lows. The reopening trade should resume in coming months. The cyclical stocks that comprise the value factor are reporting stronger earning...

The price rise in commodities since April 2020 has so far outperformed the BRIC-driven supercycle of the early 2000s. With rates likely to stay low and infrastructure investments on the rise, commodities could be headed for long-term growth. Today, the economic recovery remains on...