Wednesday, September 3, 2008

The Commodities Basket Trade

Look what the commodities basket trade unwind is doing to these odd bed fellows:

DBA - PowerShares DB Agriculture
DBP - PowerShares DB Precious Metals
DBE - PowerShares DB Energy

Whether it's large hedge fund liquidations, or a global slowing premise, the result is the same; too many actors heading for the wings all at the same time. Meanwhile, equities are going nowhere.

No comments: