DPU News and Press, DB Commodity Long ETN From 01/25/21

The stock market in 1921 was in a very different state than the stock market of 2021. Fitch, the ratings agency, is penciling in a 2020 deficit-to-GDP ratio of 18.5%. For 2021, Fitch expects a deficit equal to 11.3%. For further details see: What If The Thing That 'Roars...

Investors appear almost universally to be pricing for an early-cycle mix of low interest rates and ongoing support from both monetary and fiscal policy, combined with the release of pent-up demand from consumers and manufacturers. Short-term stumbling blocks are not confined to the on...

The pandemic will end, the economy will recover, and interest rates will rise. The bond market’s 40-year bull run is over. Interest rates are rising, and bonds should be sold. The stock market bubble is poised to burst. The economic recovery will drive commodities a...

Commodities only rose four times during the 2010s, making it the worst decade for the asset class, with an annualized 10-year return of -8.65% for the S&P GSCI. While other asset classes like equities and credit were able to jump back up quickly to their multi-year trends after th...

All six sectors post gains in Q4 for the second consecutive quarter. Double-digit percentage increases in four of six sectors. Grains are the biggest winner with a 19% gain. Double-digit percentage gains in energy, base metals, and soft commodities. Precious metals move almost...

With the exception of broadly defined commodities and US and foreign property shares, global markets posted solid gains last year. US stocks were the top 2020 performers, with the Russell 3000 Index surging 20.9% last year. US REITs saw the deepest loss for the major asset classes...

The price of copper hasn't been this high in more than seven and a half years. Forward-looking approximations made by UBS earlier this month forecast modest supply deficits (taking into account waste and reclaiming scrap) this year and next, very modest surpluses in '22 and '23, follo...

Rising prices feature in many economic forecasts for the US. It is seen as part of the reflation meme as the vaccines roll out. There seem to be three threads to the discussion. For further details see: Inflating Inflation Expectations

This bull market has been led by growth stocks, which is what we would expect from a strong dollar environment. The surge in growth stocks relative to value during the virus has been extreme. Like other domestic assets, US real estate has outperformed international. However, like EM s...

No blue wave – Big surprises from the polls. Central bank liquidity is unprecedented. Another round of government stimulus is on the way, soon. Albert Einstein would be a buyer of commodities- DBC is a liquid product that holds a portfolio of commodity futures. Fo...