Second Worst Month For Commodities Ever!

Commodity investors were probably just as happy to see July end as equity investors were to see the end of June.  During the month, the CRB Commodities Index recorded a decline of 10.0%, which is the worst monthly decline since March 1980 (10.5%) and the second worst decline ever!  Below we highlight a long term chart of the CRB commodity index since 1960, with each of the red dots indicating the only two monthly declines of 10% or more.

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