Commodities Are ‘Screaming to Be Bought’
Copper Hits Three-Year High as China Cuts Back
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Commodity prices have been left in the dust this year as assets like equities and cryptos surged ahead. That’s signaling to some traders that a comeback could be in the works.
The Standard & Poor’s GSCI Total Return Index, which tracks 24 raw materials, is hovering near a record low valuation relative to the benchmark S&P 500 U.S. stock index. That suggests a major and extended 10-year bull market run starting in 2018, said Shawn Hackett, the president of Hackett Financial Advisors in Boynton Beach, Florida.