You Can Have Goldman’s Bullish Commodities Thesis – When You Pry It From Their Cold, Dead Hands

Commodities, as a group, had a rough go of it in June. Specifically, the Bloomberg commodities index had its worst month in nearly two years: Part of the problem here is the threat of demand destruction emanating from trade tensions. "As well as the direct hit to steel and aluminum, tariffs on end markets such as electronics, machinery and autos risk weakening demand for the commodities that feed them," Morgan Stanley wrote last month. The Bloomberg agriculture subindex fell to a record l

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One thought on “You Can Have Goldman’s Bullish Commodities Thesis – When You Pry It From Their Cold, Dead Hands”

Unless Goldman gets their longs forcibly liquidated. They must be down big time unless lunch hour is used for managing stops….every day. $100 oil makes sense now. The overrall Goldman thesis is fighting a very old war. But then, USD inflation is more about currencies, etc.