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The S&P 500 closed near its all-time high on December 16, 2020, while the CRB commodity index remained about 65% below its 2008 record. The article notes that commodities have lagged stocks since 1999.
It says the weaker U.S. dollar has been a tailwind for commodity prices.
A declining dollar provides support for commodity prices, though the broad commodity index remains far below its peak, so the signal is modest for feed buyers.
ftportfolios.comDec 17, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
