The Bloomberg Spot Commodity Index surged to a new high this week, marking the 38th instance over the past year in which it registered a new 252-day high.
That has happened only 11 other times in history.
As the chart below illustrates, when the rolling count reaches 38, the index has historically generated an annualized return of 14.3%, more than double its long-term average return.
Each Chart of the Week highlights a theme, idea, or historic event that stood out to us. If you find it interesting, feel free to share it with friends or colleagues.
Visit www.tpmarketresearch.com to learn more about our research offering.
