CMDY News and Press, iShares Bloomberg Roll Select Commodity Strategy From 06/18/21

Fast-rising inflation could have major economic consequences with implications that reach far beyond the checkout aisle. The best-known measure of inflation, the Consumer Price Index [CPI], rose 5% in May 2021 compared with the same month last year — the biggest annual rise sin...

Talk of a new commodity super-cycle may be premature. Once GDP growth returns to trend, commodity demand will moderate. Fiscal and monetary reliefs are key to maintaining growth and demand. Structural changes in energy demand will prove more persistent. For further detai...

The US PPI, with updated estimates for May 2021 released by the BLS today, may have already peaked. Europe’s further lackluster HICP for April was confirmed on May 19, representing the most recent top in German bunds. Small wonder bond yields globally have ignored one huge ...

This morning we learned that US retail spending fell 1.3% in May (more than the -.80 expected). Commodities have been sensing the shift, with the price of many key inputs like lumber (-42%), steel rebar (-18%) and copper (-9%) down sharply from recent peaks. Increases in oil, gas ...

The global commodities complex continued to receive strong investor support over the past month as the world economy entered unfamiliar territory. All forms of transportation are experiencing delays (some intermittently), including ocean freight, air freight, trucking and rail. Ri...

Like a lot of parts of the global economy, housing/wood/material each saw a drop in both supply and demand given last year’s recession. Once beyond the commodity-induced price effects, it becomes clear the economy is settling back into the same disinflationary circumstances or ...

Much of last week’s economic focus was on the inflation report. Inflation was indeed pretty hot year over year, but that wasn’t unexpected. With CPI printing at 5% year over year, bond yields fell. But these are small moves, and the trend for rates is still up for now. ...

On the surface, conditions in the US look pretty fantastic these days. Prices for lots of goods and services are soaring. Job openings are at record highs. Does the historically low level of real risk-free yields on TIPS suggest that US economic growth will be anemic at best for as fa...

We expect the price of services to join the bull market in commodities soon. Bitcoin is considered an inflation hedge and store of value due to its guaranteed scarcity. Could Bitcoin turn on a dime and head higher? Bitcoin may be a paradise for traders comfortable with big swi...

We got another disappointing employment report last week. The US economy added 559,000 jobs in May, which was below expectations and disappointing. There are certainly remaining supply-side issues in the economy, which is what we should expect in a recovery from a supply shock. The pr...