Commodities Overtake U.S. Stocks As Performance Leader In 2024

seekingalpha03-19

The 2024 rise in commodities eclipses the 7.0% rise in American shares, based on Vanguard Total US Stock Market Index Fund ETF Shares, which eased 0.3% last week.The question is whether the bounceback...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2420225257?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1487894858/image_1487894858.jpg","is_english":true,"pubTime":"2024-03-19 20:30","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2420225257","market":"nz","top_or_hot":-1,"title":"Commodities Overtake U.S. Stocks As Performance Leader In 2024","media":"seekingalpha","content":"<div>\n<p>The 2024 rise in commodities eclipses the 7.0% rise in American shares, based on Vanguard Total US Stock Market Index Fund ETF Shares, which eased 0.3% last week.The question is whether the bounceback...</p>\n\n<a href=\"https://seekingalpha.com/article/4679110-commodities-overtake-us-stocks-as-performance-leader-in-2024\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Commodities Overtake U.S. Stocks As Performance Leader In 2024</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCommodities Overtake U.S. Stocks As Performance Leader In 2024\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-19 20:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4679110-commodities-overtake-us-stocks-as-performance-leader-in-2024><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The 2024 rise in commodities eclipses the 7.0% rise in American shares, based on Vanguard Total US Stock Market Index Fund ETF Shares, which eased 0.3% last week.The question is whether the bounceback...</p>\n\n<a href=\"https://seekingalpha.com/article/4679110-commodities-overtake-us-stocks-as-performance-leader-in-2024\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SCO","symbol_name":"二倍做空彭博原油指数ETF","start_time":0,"source_url":"https://seekingalpha.com/article/4679110-commodities-overtake-us-stocks-as-performance-leader-in-2024","article_id":"2420225257","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1487894858/image_1487894858.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2420225257","pubTimestamp":1710851400,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"The 2024 rise in commodities eclipses the 7.0% rise in American shares, based on Vanguard Total US Stock Market Index Fund ETF Shares, which eased 0.3% last week.The question is whether the bounceback","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SCO":"二倍做空彭博原油指数ETF","DBC":"商品指数ETF-PowerShares DB","BK4550":"红杉资本持仓","BK7126":"医疗保健用品","BK4588":"碎股","VTI":"大盘指数ETF-Vanguard MSCI","DBA":"农业指数ETF-PowerShares DB","GSG":"iShares S&P GSCI Commodity-Indexed Trust","GCC":"智慧树连续商品指数基金","VTI.AU":"Visioneering Tech","BK4570":"地缘局势概念股","UCO":"二倍做多彭博原油ETF","USO":"美国原油ETF","BK4585":"ETF&股票定投概念"},"translate_title":"商品在2024年超越美国股市成为表现领先者","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DBA":1,"DBC":1,"GCC":1,"GSG":1,"USO":1,"VTI":1,"VTI.AU":1,"SCO":0.6,"UCO":0.6},"content_text":"The 2024 rise in commodities eclipses the 7.0% rise in American shares, based on Vanguard Total US Stock Market Index Fund ETF Shares, which eased 0.3% last week.The question is whether the bounceback in commodities in 2024 is mostly the effects of mean reversion vs. a regime change for the asset class.It’s still unclear if this is something more than a market realignment, but for the moment the odds certainly look better for thinking that commodities are on track to reverse a dismal performance in 2023.   tadamichi It had to end eventually. Whether last week’s shift in the pole position endures is something else entirely. But for the moment, US equities are no longer leading the horse race for the major asset classes year to date, based on a set of proxy ETFs through Friday’s close (Mar. 15). WisdomTree Enhanced Commodity Strategy Fund (GCC), which targets a broad array of raw materials, rallied 2.9% last week, lifting the fund’s year-to-date performance to a strong 8.1%. The 2024 rise in commodities eclipses the 7.0% rise in American shares, based on Vanguard Total US Stock Market Index Fund ETF Shares (VTI), which eased 0.3% last week.    Defining and weighting commodities as an asset class is tricky and so it’s possible that GCC’s leadership this year is anomalous due to technicalities. Yet, a review of other broadly defined commodities funds echoes GCC’s run this year. The iShares S&P GSCI Commodity-Indexed Trust (GSG), for instance, is also beating US stocks (VTI) this year. To be fair, the gray area for defining a beta footprint for commodities writ large leaves room for a wide array of results. The Invesco DB Commodity Index Tracking Fund (DBC), for instance, is posting a relatively weak 3.3% year-to-date gain. Nonetheless, the fact that some diversified commodities funds are now leading US stocks highlights a change in the directional bias for commodities. Recall that 2023 was a rough year for the asset class: both GCC and GSG posted modest losses, while US stocks soared. Is 2024 the year when commodities take the performance crown from American equities? In search of an answer, keep an eye on a key driver of the new commodities run: crude oil, which is up 14.5% this year via United States Oil Fund (USO). Agricultural products are also enjoying a bull run in 2024: Invesco DB Agriculture Fund (DBA), for instance, has surged 13.4% year to date. The question is whether the bounceback in commodities in 2024 is mostly the effects of mean reversion vs. a regime change for the asset class. As CapitalSpectator.com noted at the start of the year, the red ink for commodities generally in 2023 was a conspicuous outlier in an otherwise broad-based rally for asset classes. On that basis, one could argue that a snap-back rally for commodities was likely. It’s still unclear if this is something more than a market realignment, but for the moment the odds certainly look better for thinking that commodities are on track to reverse a dismal performance in 2023. Original Post  Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2420225257"}