Can We Still Call it the Volatile Food and Energy Sector?

By | April 23, 2015

The PowerShares DB Agriculture ETF (DBA) is composed of a portfolio of agricultural commodities futures contracts, the iPath Bloomberg Livestock SubTR ETN (COW) invests in hog and live cattle futures contracts, the United States Natural Gas ETF (UNG) and the United States Oil ETF (USO) invest in their respective energy futures contracts. A cursory look at the weekly charts of these funds shows them near all-time lows. The macro-economic implications are outside of my area of expertise, but whatever they may be, they are not likely to be inflation related.

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