Commodities Today: Who’s in the Driver’s Seat?
Date Posted: July 23, 2015
Read time: 2 min
While in San Francisco attending the MoneyShow, Frank Holmes speaks with MarketWatch about the depressed commodities market and what seems to be driving it.
While in San Francisco attending the MoneyShow, Frank Holmes speaks with MarketWatch about the depressed commodities market and what seems to be driving it.
Among the economic indicators investors should be taking into account, Frank says, is the purchasing manager’s index (PMI), a forward-looking indicator of manufacturing activity. When considering PMI on a global scale, special attention should be paid to China, the “800-pound gorilla,” as Frank calls it. If China were to get its manufacturing sector into expansion mode, commodities prices might benefit.
Read the entire interview to discover Frank’s other commodities investment hints.
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Foreign and emerging market investing involves special risks such as currency fluctuation and less public disclosure, as well as economic and political risk. By investing in a specific geographic region, a regional fund’s returns and share price may be more volatile than those of a less concentrated portfolio.
The Purchasing Manager’s Index is an indicator of the economic health of the manufacturing sector. The PMI index is based on five major indicators: new orders, inventory levels, production, supplier deliveries and the employment environment.
M2 Money Supply is a broad measure of money supply that includes M1 in addition to all time-related deposits, savings deposits, and non-institutional money-market funds.
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