1128 days ago
Materials had best day while IT lagged behind:
The S&P 500 overall saw a negative percentage change so it comes even more as a contrast to see Materials in a positive upswing. Source: MacroMarketsDaily
1128 days ago
Goldman says Commodities are the best hedge against inflation
Commodities remain the best hedge against inflation (Exhibit 10), in our view, as they remain key inputs into households consumption bundles, and therefore the components of the CPI. Indeed, commodities are the crucial link between growing demand, a weaker dollar and inflation.
1129 days ago
Oil and Gasoline prices on the rise
Oil and Gasoline prices have finally surpassed their January 2020 levels, after a sharp downfall created by the pandemic.
1129 days ago
Food inflation might be our next threat
Food prices are soaring faster than inflation and incomes around the world. Cereals for example, have reached an annual inflation of 20%, the highest annual rise since the Arab Spring. And this is not all: according to Bloomberg, tofu prices in Indonesia are 30% higher than in December, Brazilian turtle beans trade at a price 54% higher than last year and Russians are paying 61% more for sugar than last year. Although developed markets do not fear this issue as much as EM, it could quickly become an issue for everyone if it remains uncontrolled.
1129 days ago
Copper miners are set to outpace gold producers this year
Gold miners are facing pressures after spot bullion prices have fallen 16% from all-time highs reached in August. Prices for the haven metal have slumped on bets of a brighter outlook for the global economy, outflows of gold exchange-traded funds, and expectations of higher inflation. Barrick Gold Corp. and Agnico Eagle Mines Ltd. are among the 13 companies in Bloomberg Intelligence’s grouping for gold producers, while Freeport-McMoRan Inc. and Anglo American Plc are among those in the 30-company copper group. Source: Bloomberg
