Written by Members of the Castleview Investment Committee

Value-oriented investors may wish to note that Commodities returns have been flat or negative in 7 of the past 10 periods (including YTD 2020). The current depressed field position coincides with a multi-decade high in money supply growth and a potentially protracted period of disruption in global supply chains going forward.

May you live in interesting times – or so the saying goes. Well, surely such times are here.