Commodity Weekly: Week of carnage leaves no one safe
By Ole S. Hansen | March 1, 2020
The worst week on Wall Street since 2011 helped trigger an equally challenging week across commodities. The broad-based Bloomberg Commodity Index lost more than 6% with all components showing red. The accelerated weakness was sparked by the inevitable news that the China-born coronavirus had spread from Asia to the rest of the world. While the U.S. has yet to see any pickup in cases, the market was spooked by the apparent unpreparedness in Washington.