Bloomberg Commodity Index
29
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26
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Search complete. 29 mentions across 26 episodes found for "Bloomberg Commodity Index".
Sep 21, 2026
David NikoskiGUEST
Um, I th- I think big portion of tech is gonna contribute to it, and I believe energy is also gonna remain near the highs.
David NikoskiGUEST
Um, if you look at some of the soft grains, um, in the commodity structure, looked at the Bloomberg Commodity Index, I mean, you're just about to break out to, you know, multi-year highs going back, um, you know, 15 years.
David LinHOST
Okay.
David NikoskiGUEST
So I, I still think that that's a- that's an issue.
Mike McGloneGUEST
so far now saudi arabia is starting to export more from the middle east so it's just how much from the gulf how much you watch it but the macro for energy is very negative and normal and here's one thing i'll end with the bloomberg energy spot index uh we've gone that back to 1990 this year it bumped up to a price it was first traded in 2005. agriculture index spark agriculture prices they're the same as about 10 years ago the only sector that made a new high this year were metals on the back of precious metals And now they're facing 5% on the 10-year note.
Mike McGloneGUEST
So I look at it, and in London last week, a bunch of commodity people pointed out, by the way, if you notice, that Bloomberg Commodity Index is looking like it's probably just made almost a 25-year low versus S&P 500 based on one simple thing now.
Mike McGloneGUEST
And that is S&P 500 absolutely has to go up.
Mike McGloneGUEST
And this is an indication how expensive the stock market is.
6 MINS LATER
Mike McGloneGUEST
That's your issue right now.
Mike McGloneGUEST
And if it keeps going up, we're great.
Mike McGloneGUEST
But I also point out at the same time, I'm looking at that Bloomberg Commodity Index.
Mike McGloneGUEST
It looks like it's bottoming for S&P 500.
Ambrose Evans-PritchardSOUNDBITE_SPEAKER
Yields on 10-year US Treasuries have surpassed 5%, smashing through the Maginot defences of Scott Besant, the US Treasury Secretary.
Ambrose Evans-PritchardSOUNDBITE_SPEAKER
The Bloomberg Commodity Index has risen 48% this year.
Ambrose Evans-PritchardSOUNDBITE_SPEAKER
accelerating in pace and spreading in breadth from energy to industrial metals and grains.
Ambrose Evans-PritchardSOUNDBITE_SPEAKER
The fever has spread to shipping and freight.
Mark ThorntonHOST
The producer price index, which is a reflection of wholesale price inflation, is actually up 30%.
Mark ThorntonHOST
The Bloomberg Commodity Index, which is a measure of commodity prices like energy prices and metal prices and food prices of the commodity nature, so corn, wheat, soybean, sugar, so forth, that's up about 85%.
Mark ThorntonHOST
And the consumer index, excuse me, the CRB index of commodities, which is an alternative to the Bloomberg index, is up 130 to 140 percent.
Mark ThorntonHOST
Now, over the last five years, the prime interest rate in the economy has has risen by about 200%, so more than a doubling of the prime interest rate already, which gets reflected in business loans and mortgages and that kind of thing.
Michael OliverGUEST
If you go back through history of decades and look, for example, at XLE, the broad energy sector ETF, and look at some of the big up moves and down moves in the stock market and look at XLE at the same time, you won't see a great coincidence there.
Michael OliverGUEST
uh so you know it's quite um it's not unusual to see the energy sector rise or the stock market goes down and the same is true with other sub-sectors within the commodity complex we look at the bloomberg commodity index and there's you know there's grains there's sugar there's cotton base metals energy sector uh and they're all pretty much in harmony so a lot of people who are talking about this energy rise is you know it's only iran related first off that's totally false In fact, the energy sector component, oil sector within the Bloomberg was a laggard to the Bloomberg's recent upturn.
Michael OliverGUEST
We turned, we signaled a second major uptrend to commence in the Bloomberg Commodity Index back in October.
Michael OliverGUEST
Price of Bloomberg then was 107.
Michael OliverGUEST
By the way, in context to let you know where Bloomberg was, let's say in 2008, it was 237.
Ole HansenGUEST
Absolutely, and I think we should just basically start by throwing up a couple of numbers.
Ole HansenGUEST
If you look at some of one of the indices, commodity indices, the Bloomberg Commodity Index, if you look at the spot return, so basically what the underlying components, what price developments they have seen so far this year, they have returned around 26%.
Ole HansenGUEST
But if you actually held an ETF investing in the same index, your return by now would be closer to 35%.
Ole HansenGUEST
So there's basically quite a big difference in what the spot market has been doing and what the total return has done.
Andrew NeilHOST
Wheat, maize, soybeans, they've all got future prices baked in far higher than the current spot prices.
Andrew NeilHOST
The Bloomberg Commodity Index has risen forty-eight percent this year so far.
Andrew NeilHOST
There can be only one conclusion.
Andrew NeilHOST
Inflation, which has already been sticky across the Western world, uh, even as COVID, COVID ended and some of the oil energy prices worked their way through, through, this sticky inflation is gonna rise more.
Mike McGloneGUEST
That's where the Fed stuck in a situation.
Mike McGloneGUEST
It's doing it with things like the Bloomberg Commodity Index.
Mike McGloneGUEST
It's the highest versus like a T-bond index since that peak in 2008.
Mike McGloneGUEST
And it's the lowest versus stocks in 25 years.
Craig HemkeGUEST
You go down the list, zinc, uh, all these other different metals.
Craig HemkeGUEST
The Bloomberg Commodity Index breaking out of like a 10-year base.
Craig HemkeGUEST
All of these are signs pointing back to what we said about the, the kind of the death throes, you know, of, of this financialized, rehypothecated, um, derivative-driven financial system where, you know, based on debt that you just gotta just keep feeding the beast more and more cash, more and more dollars, more and more yen, more and more euros, you know, all this kind of stuff.
Craig HemkeGUEST
Uh, we're not at the end game of that yet.
Michael OliverGUEST
Very cheap oil, by the way, historically.
Michael OliverGUEST
Again, measured against itself, measured against the Bloomberg Commodity Index, measured against the S&P, measured against the money supply.
Michael OliverGUEST
It was off the page cheap.
Michael OliverGUEST
And it decided to turn up.
Michael OliverGUEST
And so I think, yes, the Iran situation causes specifics to come into play.
Michael OliverGUEST
supply-demand problems.
Michael OliverGUEST
But the real reason for oil to go up is the same reason that the Bloomberg Commodity Index turned up back last October.
Michael OliverGUEST
Our momentum said, Bloomberg's going up.
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