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Not With a Bang But a Whimper: How Commodities May End Year

  • Investors pulled $791 million from ETFs over past month
  • ‘There’s just not enough to keep speculators interested’
A dump truck loaded with ore drives along a haul road in the open pit mine.
Photographer: Carla Gottgens/Bloomberg
Updated on

For commodities, 2016 started with a bang. If history is any guide, it will end with a whimper.

The Bloomberg Commodity Index, tracking returns for 22 components, is heading for a third-quarter slump after posting consecutive gains in the first two periods. Since the data begins in 1991, that’s only happened in four other years -- and the final quarter was a loser for three of them.