JJE News and Press, iPathA Series B Bloomberg Energy Subindex Total Return ETN From 10/20/22

Summary Energy sector volatility and surging oil prices have sharply boosted interest in energy trading this year. Clients can also obtain relative value, or alpha, by rotating between outperforming and underperforming sectors underlying a broad index, according to Woolman. Th...

Summary US oil demand is bottoming. Couple that with the recent OPEC+ cut and the SPR announcement, and we have ourselves a nice floor for oil going forward. Energy stock valuations, as a result, should gradually rerate higher as generalists underwrite E&Ps using $70/bbl W...

Summary Resource equities continued to exhibit remarkable resiliency during the quarter, with the S&P Global Natural Resources Index outpacing global equities and global bonds over the 3-month period. Macroeconomic themes mostly continued to dominate all resource equity-relate...

Summary The Energy Transitions Commission estimates that decarbonizing the global economy will require a $50 trillion investment in sustainable infrastructure through 2050. One area worth keeping an eye on is the commodity chemicals industry, which uses natural-gas-fired “c...

Summary Active central banks may create attractive opportunities for discretionary macro managers who can take advantage of higher volatility, higher rates and dynamic policy changes. The Russia-Ukraine conflict remains a large overhang across almost the entire commodity complex. ...

Summary The nearby futures price of WTI declined about 25%, and at $80 per barrel was more than 10% lower than it was before the start of the Russian-Ukrainian war. The uncertain evolution of geopolitical and economic conditions in 2022 and onward make oil balances difficult to pi...

Summary PPI and CPI numbers came out last week, and both were higher than expected. Fed officials are concerned about the persistence of high inflation, and a 0.75% key interest rate hike at the November FOMC meeting is virtually certain. Worldwide demand for crude oil naturally r...

Summary Janet Yellen raised the specter of buying Treasuries this past week, without it being QE. The comments seemed to be born of some illiquidity issues within the Treasury market. 2022 is a midterm election year. It’s been grim YTD with the S&P 500 down -23.83% whil...

Summary OECD liquids production continues to rise quarter on quarter, putting downward pressure on the price of oil. Significant share repurchase programs led by Exxon Mobil and Chevron Corporation keep the share price of these companies from falling. In August 2022, India's c...

Summary The UBS Constant Maturity Commodity Index and other commodity index strategies slumped during September. CMCI declined by 5.5% in September but remains up 8.4% year-to-date. The Bloomberg Commodity Index declined by 8.1% in September and remains up 13.6% year-to-date. ...