The Real Spiel

Inflation is digging in.
Investor anxiety is on the rise.
The markets are volatile.

What can the Fed do to help?

The commentary provided during this podcast reflects the personal opinions, viewpoints and analyses of the participants providing such comments, and should not be regarded as a description of advisory services provided by USCF Investments or its affiliates or SummerHaven Investment Management or its affiliates or the performance returns of any fund managed by any such entities.

The views reflected in the commentary are subject to change at any time without notice. Nothing said during this podcast constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security.

Investments involve the risk of loss. Diversification does not eliminate the risk of experiencing investment loss.  Commodity trading is highly speculative and involves a high degree of risk. Commodities and futures generally are volatile and are not suitable for all investors. 

Past performance is no guarantee of future results.

ALPS Distributors, Inc., member FINRA.

Thank you for listening!

Commodities have become a popular topic of discussion as a way to potentially hedge inflation.  What does investing in commodities actually look like?



The commentary provided during this podcast reflects the personal opinions, viewpoints and analyses of the participants providing such comments, and should not be regarded as a description of advisory services provided by USCF Investments or its affiliates or SummerHaven Investment Management or its affiliates or the performance returns of any fund managed by any such entities.

The views reflected in the commentary are subject to change at any time without notice. Nothing said during this podcast constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security.

Investments involve the risk of loss. Diversification does not eliminate the risk of experiencing investment loss.  Commodity trading is highly speculative and involves a high degree of risk. Commodities and futures generally are volatile and are not suitable for all investors. 

Past performance is no guarantee of future results.

ALPS Distributors, Inc., member FINRA.

Thank you for listening!

Commodities and equities have historically had similar returns and volatility yet commodities as an asset class seem to be overlooked.  Investors were interested in commodities up until the financial crises when they performed very well.  Over the past 10 years, many investors have doubled down on equities and largely forgotten commodities. Recently, commodity performance has investors looking at the asset class again. How can history be a guide?






The commentary provided during this podcast reflects the personal opinions, viewpoints and analyses of the participants providing such comments, and should not be regarded as a description of advisory services provided by USCF Investments or its affiliates or SummerHaven Investment Management or its affiliates or the performance returns of any fund managed by any such entities.

The views reflected in the commentary are subject to change at any time without notice. Nothing said during this podcast constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security.

Investments involve the risk of loss. Diversification does not eliminate the risk of experiencing investment loss.  Commodity trading is highly speculative and involves a high degree of risk. Commodities and futures generally are volatile and are not suitable for all investors. 

Past performance is no guarantee of future results.

ALPS Distributors, Inc., member FINRA.

Thank you for listening!

Just two years ago, media had zero coverage of inflation as a topic of interest. Now, multiple stories appear every day about how inflation is affecting the global economy, consumers and business.  Recent events are even further accelerating the transition to an inflationary environment. 





The commentary provided during this podcast reflects the personal opinions, viewpoints and analyses of the participants providing such comments, and should not be regarded as a description of advisory services provided by USCF Investments or its affiliates or SummerHaven Investment Management or its affiliates or the performance returns of any fund managed by any such entities.

The views reflected in the commentary are subject to change at any time without notice. Nothing said during this podcast constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security.

Investments involve the risk of loss. Diversification does not eliminate the risk of experiencing investment loss.  Commodity trading is highly speculative and involves a high degree of risk. Commodities and futures generally are volatile and are not suitable for all investors. 

Past performance is no guarantee of future results.

ALPS Distributors, Inc., member FINRA.

Thank you for listening!

Concepts such as “contango” and “backwardation” in commodity futures markets are not well understood, and they have a significant impact on realized returns for investors.  How can the negative effects of contango (and possible benefits of backwardation) assist investors in a diversified commodity portfolio, and what are they telling the market about supply and demand?

Disclosure:

The commentary provided during this podcast reflects the personal opinions, viewpoints and analyses of the participants providing such comments, and should not be regarded as a description of advisory services provided by USCF Investments or its affiliates or SummerHaven Investment Management or its affiliates or the performance returns of any fund managed by any such entities.

 The views reflected in the commentary are subject to change at any time without notice. Nothing said during this podcast constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security.

Investments involve the risk of loss. Diversification does not eliminate the risk of experiencing investment loss. 

Commodity trading is highly speculative and involves a high degree of risk. Commodities and futures generally are volatile and are not suitable for all investors. 

Past performance is no guarantee of future results.

ALPS Distributors, Inc., member FINRA.

Thank you for listening!

Gold stands out as a store of value for investors over hundreds (and perhaps thousands) of years.  How does gold function to preserve value for investors and possibly protect from inflation shocks?




The commentary provided during this podcast reflects the personal opinions, viewpoints and analyses of the participants providing such comments, and should not be regarded as a description of advisory services provided by USCF Investments or its affiliates or SummerHaven Investment Management or its affiliates or the performance returns of any fund managed by any such entities.

The views reflected in the commentary are subject to change at any time without notice. Nothing said during this podcast constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security.

Investments involve the risk of loss. Diversification does not eliminate the risk of experiencing investment loss.  Commodity trading is highly speculative and involves a high degree of risk. Commodities and futures generally are volatile and are not suitable for all investors. 

Past performance is no guarantee of future results.

ALPS Distributors, Inc., member FINRA.

Thank you for listening!

Inflation is like Kryptonite for many of the traditional financial assets that investors typically use to diversify risk and return.  How can diversified commodities help to mitigate the significant risks posed to both stocks and bonds from rising inflation?





The commentary provided during this podcast reflects the personal opinions, viewpoints and analyses of the participants providing such comments, and should not be regarded as a description of advisory services provided by USCF Investments or its affiliates or SummerHaven Investment Management or its affiliates or the performance returns of any fund managed by any such entities.

The views reflected in the commentary are subject to change at any time without notice. Nothing said during this podcast constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security.

Investments involve the risk of loss. Diversification does not eliminate the risk of experiencing investment loss.  Commodity trading is highly speculative and involves a high degree of risk. Commodities and futures generally are volatile and are not suitable for all investors. 

Past performance is no guarantee of future results.

ALPS Distributors, Inc., member FINRA.

Thank you for listening!

Copper production is geographically concentrated, with Chile producing roughly 40% of the world’s raw copper ore for use in the global economy.  Chile just elected a new president, and his leadership indicates a shift toward environmental and labor rights concerns going forward.  What does this mean in terms of supply growth from the world’s largest source of this critical component in the global economy, as global demand is forecast to rise dramatically over the next decade?

The commentary provided during this podcast reflects the personal opinions, viewpoints and analyses of the participants providing such comments, and should not be regarded as a description of advisory services provided by USCF Investments or its affiliates or SummerHaven Investment Management or its affiliates or the performance returns of any fund managed by any such entities.

The views reflected in the commentary are subject to change at any time without notice. Nothing said during this podcast constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security.

Investments involve the risk of loss. Commodity trading is highly speculative and involves a high degree of risk. Commodities and futures generally are volatile and are not suitable for all investors. 

Past performance is no guarantee of future results.

ALPS Distributors, Inc., member FINRA.

Thank you for listening!

Russia launched a large-scale invasion of Ukraine in February of 2022. The extent and duration of the military action, resulting sanctions and market disruptions in the region are impossible to predict, but could be significant and already have had a severe adverse effect on the region. Among other things, the conflict has resulted in increased volatility in the markets, disruptions to availability of certain commodities, commodity and futures prices and the supply chain globally. Recovery could take years.

The commentary provided during this podcast reflects the personal opinions, viewpoints and analyses of the participants providing such comments, and should not be regarded as a description of advisory services provided by USCF Investments or its affiliates or SummerHaven Investment Management or its affiliates or the performance returns of any fund managed by any such entities.

The views reflected in the commentary are subject to change at any time without notice. Nothing said during this podcast constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security.

Investments involve the risk of loss. Commodity trading is highly speculative and involves a high degree of risk. Commodities and futures generally are volatile and are not suitable for all investors. 

Past performance is no guarantee of future results.

ALPS Distributors, Inc., member FINRA.

Thank you for listening!

Don’t look up!  Like a planet-killing asteroid, inflation is here and no longer transitory – ignoring the problem will not make it go away.  We discuss the myriad sources of current inflation and why “transitory” no longer applies to this portfolio concern for the next several years.






The commentary provided during this podcast reflects the personal opinions, viewpoints and analyses of the participants providing such comments, and should not be regarded as a description of advisory services provided by USCF Investments or its affiliates or SummerHaven Investment Management or its affiliates or the performance returns of any fund managed by any such entities.

The views reflected in the commentary are subject to change at any time without notice. Nothing said during this podcast constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security.

Investments involve the risk of loss. Commodity trading is highly speculative and involves a high degree of risk. Commodities and futures generally are volatile and are not suitable for all investors. 

Past performance is no guarantee of future results.

ALPS Distributors, Inc., member FINRA.

Thank you for listening!