On Bull-Market Brink, Citi Sees Commodity Gains as Goldman Jeers
- Flows into global commodity ETFs reach $18.5 billion this year
- `Doesn't really make sense' to be bearish, Citi's Wilson says
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Commodity bulls, it might finally be time to exhale.
There’s a growing chorus of voices and a surge of investor money signaling the worst of the commodity slump is over. Leading the pack is Citigroup Inc., the bank that was ahead of the game back in 2012 when analysts declared the end of the super cycle of rising demand and prices. Now, the bank expects a weaker dollar and China’s stabilizing economy mean most markets have reached their bottoms.