Follow Goldman With These Commodity ETFs
Zacks Investment Research | Nov 26, 2018 10:15PM ET
Commodities have been on the longest losing streak in more than three years with the Bloomberg Commodity Index, which measures returns on 22 raw materials, plunging 8% from a year-to-date look. This is especially thanks to a strong dollar, trade frictions and concerns over China’s demand outlook. Additionally, weakening economic growth in many parts of the world dampened the appeal for commodities.
Notably, a high dollar made dollar-denominated assets expensive for foreign investors, potentially diminishing demand for commodities.
Oil price has collapsed in recent months owing to oversupply concerns and waning global demand while metals tumbled amid worries of hard landing in China and slowing global economic growth. The ongoing trade war between the world's two largest economies has sparked fears of a global slowdown (read: Zacks Investment Research
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