You can’t make this stuff up. The world’s top money managers just told a monthly survey that they are dumping their investments in commodities—gold, copper, oil, and so on — like a bad habit. BofA Securities reports the biggest stampede out of plummeting commodity futures in at least a decade. With commodity futures down nearly 10% since the start of the year, money managers are now gloomier about them at any time since May 2020—when the new Covid pandemic had frozen the global economy.
One of these money managers’ top investment…
This post was originally published on Market Watch
