Bloomberg reports that commodities are trailing equities for the longest stretch in almost 15 years as Goldman Sachs Group Inc. and Citigroup predict the end of the decade-long bull market even as the global economy expands.
The Standard & Poor’s GSCI Spot Index of 24 commodities lagged behind the MSCI All-Country World Index for six months, the longest stretch since 1998. Hedge funds cut combined bullish bets across 18
raw-material futures by 51 percent from a 16-month high in September and are
bearish on six of them. Commodities will return 1.6 percent in a year as losses
in agriculture and precious metals diminish gains from energy and industrial
metals, Goldman said last month....