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Kolanovic, Fund Managers Share Bullish Commodities View, Bond Caution
They're loving commodities these days. The bonds, not so much.
"They" are fund managers. Specifically those polled by BofA for the April edition of Michael Hartnett's ever popular monthly survey. But it's not just them. A lot people like commodities in 2024, and particularly energy which, as I never tire of reminding readers, is as good a geopolitical hedge as any.
Marko Kolanovic agrees with that latter assessment. JPMorgan strategists led by Kolanovic this week shifted their commodities OW t
If real rates rise especially in the usa that would be a headwind for commodities. Unless you think growth will accelerate in tandem. A strong us $ does not help.