Onderwaardering commodities

Aneeka Gupta, directeur Research bij WisdomTree: “The chart below highlights the underperformance of the commodity complex versus US equities, attaining their lowest since the start of 1960. We believe years of monetary easing by global central banks post the great financial crisis coupled with weaker growth from the world’s second biggest commodity driver namely China have exacerbated the underperformance of commodities versus equities. Currently, fears of the Coronavirus outbreak stemming from China is causing widespread concerns on commodity demand which is outstripping fears of falling supply. We believe the slump in activity in China owing from the Coronavirus outbreak to be confined to the first half of 2020 after which we expect to see a v-shaped recovery in the Chinese economy which should support a reversal of the current trend of commodities underperforming equities.”

Belangrijke categorieën

%d bloggers liken dit: