​Bloomberg Commodity Spot Index Goes Negative On Year Amid China’s Faltering Economic Recovery – Tyler Durden

Bloomberg Commodity Spot Index Goes Negative On Year Amid China’s Faltering Economic Recovery The Bloomberg Commodity Spot Index (BCOMSP) has wiped out all gains so far this year. After peaking in late May (+12%), the index quickly slipped into negative territory by late July. This downward pressure on BCOMSP stems from faltering economic growth in China, which has sparked concerns about falling demand for agricultural goods, crude oil, crude products, copper, iron ore, and other essential commodities. Some traders are on high alert, fearing a potential repeat of a 2015 China slowdown. “The ‘domestic consumption’ engine of the Chinese economy seems…  — Continue at ZeroHedge News : Read More