I’ve avoided AI stocks and invested in miners/commodities. Looks like I made the right choice:
The Bloomberg Commodity Index (BCOM) rose 4% in the third quarter and is now up 9% for 2025. Precious metals drove a lot of the upside performance, as gold made new all-time highs. Four of the six BCOM sectors posted gains, with grains and energy as the exceptions. Within energy, natural gas was the only drag while the remaining oil-based constituents were positive and petroleum rose 4%.