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ELEMENTS S&P Commodity Trends Indicator ETN (LSC)

  • Oct. 23, 2013, 11:13 AM
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  • Oct. 16, 2013, 3:47 PM
  • Sep. 26, 2013, 12:57 PM
  • Sep. 12, 2013, 7:48 AM
  • Aug. 21, 2013, 11:17 AM
  • Aug. 15, 2013, 4:38 PM
  • Jul. 1, 2013, 9:30 AM
    JPMorgan recommends getting overweight commodities (DBC) for the first time in 2 years, but warns the call isn't an "all-clear" signal, but instead a view on term structure in energy, which dominates most indices. Momentum is still negative in metals but prices - particularly for gold and copper - are at levels which should spur production cuts and fresh demand.
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  • Jun. 18, 2013, 8:54 AM
    "The biggest contrarian play in the market today is assets linked to China (FXI, CAF)," says Michael Hartnett, summarizing BAML's latest Fund Manager Survey, which shows money flowing out of commodities (DBC) and emerging markets (EEM, DEM, VWO). Where's the money going? The eurozone and the U.S. Where it's not going is fixed-income (AGG, BND) - 50% of managers say they're now underweight bonds as opposed to 38% last month.
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  • May 8, 2013, 2:52 PM
    The recent selloff in commodities (DBC) is not a correction, says Stan Druckenmiller, now on stage at Ira Sohn, but instead the end of the supercycle. Avoid commodity markets - Brazil (EWZ, BRF, BRL), South Africa (EZA, SZR), Canada (EWC, FXC). "Frankly, I'd short the aussie (FXA)." His largest equity holding? "I can't imagine a better position than Google (GOOG)" - selling for 16x earnings and no exposure to China.
  • May 6, 2013, 8:31 AM
    The commodity boom (DBC) is over, writes Morgan Stanley global macro chief Ruchir Sharma, as massive overinvestment - mostly to feed China's voracious demand - comes online just at the time said demand becomes considerably less voracious. Not only are China and emerging markets in general slowing, but the countries are striving to become more efficient (USO) as well. "If historical pattern holds, we are now entering a long period of falling commodity prices, which could last two decades."
  • May 1, 2013, 10:41 AM
    Commodities are lit up bright red as weak economic data (here and in China) is a good excuse to end the bounce of the last few sessions. Gold (GLD -1.8%), Silver (SLV -3.6%), WTI Crude (USO -2.6%). Copper (JJC -3.3%) moves to its lowest level in about 18 months at $3.08/lb. The metal hasn't had a 2-handle since the start of 2011. Broad commodity gauge (DBC -1.8%).
  • Apr. 26, 2013, 7:50 PM
    BlackRock announced it will liquidate the iShares Diversified Alternatives Trust (ALT) next month. "Based on the review and client feedback, it appears this product has a limited role in today’s investment portfolios, and we have seen little long-term demand," said Patrick Dunne, head of Global Markets and Investments for BlackRock. This will be the first closure for an iShares ETF since 2002.
  • Apr. 12, 2013, 3:01 PM
    It's "death bells" for commodities, says Citigroup, calling 2013 the year in which it's realized the commodity supercycle is over and a new era in which the relative performance of how "stuff" performs against each other and other assets is what matters. Specifically on oil, Citi calls Q1's move higher without merit and expects the recent downtick in prices to continue.
  • Mar. 11, 2013, 8:24 AM
    Speculators cut net long positions in commodity contacts by 9.2% last week, according to CFTC data. At 406K contracts, it's the lowest net long position since the epic March 2009 bottom. Not surprisingly, the positioning is following the trend in commodity prices, which have tumbled over the past few weeks. Goldman last week: Buy the dip. DBC thus far this year.
  • Mar. 8, 2013, 7:06 AM
    Buy the dip in commodities, says Goldman, raising its 3-month outlook for raw materials after the recent price dip. "The recent selloff in commodities on worries about Chinese growth is overdone in our view and we upgrade to overweight on a 3-month horizon," says the bank's commodities research chief. DBC -2.4% YTD.
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  • Feb. 20, 2013, 11:28 AM
    Non-agricultural commodities sell off sharply across the board. GLD -1.4%, SLV -2.3%, USO -2%, JJC -1.1%. Lumber futures -2.5%. Chatter circulates of a troubled hedge fund being forced to exit. Broad commodity ETF: DBC -0.9%.
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LSC Description
CTI ELEMENTS are designed to track the performance of the S&P Commodity Trends Indicator - Total Return. The index is comprised of 16 commodity futures contracts divided among six commodity sectors. The Index is designed to capture trends within commodity markets by setting its sector groupings long or short each month based on price signals.
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