Investing

Investing: Commodities Lose Their Hedging Allure


A new paper by economists Marco Lombardi and Francesco Ravazzolo shows commodities aren’t the portfolio hedge they used to be. Traditionally, commodities have zigged when stocks have zagged. Since 2008, though, the asset class has tracked the equity market.

Applegate is a graphics editor for Bloomberg Businessweek in New York. Follow him on Twitter @evanapplegate.

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