Chart of the Day - Thursday, March 10th, 2022

Volatile is perhaps an understatement … for ⁦@Bloomberg⁩ Commodity Spot Index, March 1st was best day (+4.1%) since March 2009; yesterday was worst day (-5.2%) since October 2008
[Past performance is no guarantee of future results] pic.twitter.com/c3XQJyGr9L

— Liz Ann Sonders (@LizAnnSonders) March 10, 2022

Today’s Chart of the Day was shared by Liz Ann Sonders (@LizAnnSonders). The chart shows the daily percentage changes in the Bloomberg Commodity Index over the past 22 years. Commodities haven't been this volatile in over a decade. Last Tuesday was the best day for Commodities since March 2009. On the other hand, yesterday was the worst day for Commodities since October 2008. As Liz Ann says...volatile is perhaps an understatement for this asset class right now.