DPU News and Press, DB Commodity Long ETN From 06/22/21

The global economy has reached an important milestone in the second quarter of 2021, surpassing the pre-pandemic real GDP peak attained in the fourth quarter of 2019. After a 3.5% contraction in 2020, global real GDP is projected to increase 6.0% in 2021, its strongest advance since 1...

The real drama was not on the day of the FOMC statement and Powell’s press conference, but when St. Louis Fed President James Bullard was on CNBC’s Squawk Box last Friday. That’s what caused the most severe repercussions in stocks, bonds, and commodities. Retail i...

A stone thrown in a pond makes smaller and smaller waves. Any system subjected to a shock responds irregularly until it reaches equilibrium. Any economy subjected to a shock responds with oscillating random waves until it reaches its long-term growth rate. For further detail...

Based on 63-day rolling correlation window analysis conducted by Warren Pies, founder of 3Fourteen Research, equity-bond correlation levels have spiked to levels rarely seen in the last two decades. During the last 6 to 7 months, and particularly in 2021 to date, commodity prices have...

Policymakers at the Federal Reserve advised Wednesday that interest rates would rise from record lows sometime in 2023, updating an earlier forecast of rises not until 2024. In the absence of any other driving dynamic, markets are taking direction from the dollar. The positive tak...

At the FOMC meeting, the median outlook for core inflation this year drifted up to three percent from 2.1 percent (though the long-term inflation outlook didn’t change). Of more direct market consequence, the median “dot plot” around the Fed funds rate in 2023 had...

While some investors welcomed the dramatic increase in commodities prices so far this year, others saw them as a warning sign of real inflation coming to the United States and other markets. A recent survey of fund managers found that nearly three-quarters of them believe that inflati...

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 ...