A Cyclical Phenomenon among Stock & Commodity Markets
Hector O. Zapata,
Junior E. Betanco,
Maria Bampasidou
et al.
Abstract:Considerable studies have examined the relationship between commodity markets and stock markets. This paper studies the cyclical relationship between commodity markets and stock markets with implications for investing based on index relationships. Stock markets are represented by the U.S. S&P 500 index and aggregate commodity markets by the U.S. producer price index (PPI). Tradeable market indexes readily available to investors, namely the S&P GSCI Index and the Bloomberg Commodity Index (BCOM), are al… Show more
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