Commodities have rallied this year, outperforming equities and underscoring their credentials as a hedge against rising inflation and as a portfolio diversifier at a time when investors are debating if the world’s largest economy can avoid tripping into a recession as the Federal Reserve (Fed) raises interest rates. The S&P GSCI, a composite of 24 commodities representing sectors from energy to agriculture and livestock to metals, has surged 34 since the start of 2022, and is up 213% from its 2020 low during the pandemic, while the CRB Index, which consists of 19 commodities including crude oil, gold and corn, is up ... (full story)