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Commodities crushed all other asset classes last month, with gold and crude oil leading the way.
Monday's Big 3 is focused on the commodity space, as Dan Russo turns to three products he sees holding potential in the coming weeks and months. He walks investors through his key takeaways on the iShares S&P GSCI Commodity-Indexed Trust ETF (GSG), the Sprott Physical Gold Trust ETF (PHYS), and the VanEck Gold Miners ETF (GDX).
I downgrade iShares S&P GSCI Commodity-Indexed Trust ETF (GSG) from Buy to Hold as risks have increased and the price is now near $30.50. GSG's energy-centric exposure drove strong H1 2026 outperformance, but sector volatility and geopolitical risks warrant caution. Commodity markets remain bullish overall, but heightened volatility, cyclical corrections, and geopolitical uncertainty temper my conviction.
Dan Russo takes us through today's Big 3 by highlighting trends in the S&P 500 (SPX) as the index trades just under its all-time high. He also highlights the iShares Core US Aggregate Bond ETF (AGG) and the iShares S&P GSCI Commodity-Indexed Trust (GSG), believing it's important investors keep an eye on bonds and commodities in the current market environment.
Gold — the commodity most investors associate with the category — doesn't currently appear at all in one broad commodities fund's portfolio. Refined fuel contracts top the lineup instead.
Stanley Druckenmiller cut Amazon, exited Alphabet while increasing bets on Argentina, commodities, semiconductors, biotech stocks during Q1.
AI, Alternative Energy and Commodity stocks are all leading this market as a confluence of economic developments drive growth and constrain supply.
March winners were clear -- Shipping, Energy, Commodities & Volatility ETFs surged as war risks, supply shocks, and market swings drove big gains.
SEC filings for GSG aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.