A Molotov in the macros

One of the best-performing categories since the beginning of last year has been commodities. Everything from oil to wheat to palladium to gold is up, due in large part to inflation worries. But how much room is there left to run? And how big a portion should commodities make up of a portfolio? Today Russia’s invasion of Ukraine is unleashing the biggest commodity shock since 1973, and one of the worst disruptions to wheat supplies since the first world war. Although commodity exchanges are already in chaos, ordinary folk have yet to feel the full effects of rising petrol bills, empty stomachs and political instability. How Long Will the Commodities Boom Last? Let’s welcome our panel ahead of next week’s MPC meeting Mamello Matikinca, Chief Economist at FNB; Kevin Lings, Stanlib Chief Economist & Old Mutual Wealth Investment Strategist Izak Odendaal