The case for categorizing commodities as one asset class has always been a shaky affair based on convenience rather than logic. The economic factors driving prices of specific types of raw materials varies widely and so a more nuanced view from an asset allocation perspective is compelling. Recent market trends tell the story.
Daily Archives: September 27, 2024
Macro Briefing: 27 September 2024
US initial jobless claims fell again last week, dropping to the lowest level since mid-May. The current level of new filings for unemployment benefits remains near a multi-decade low and suggests that the labor market’s outlook remains healthy for the near term.
