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Charlie Bilello, chief market strategist at Creative Planning, highlights significant increases across key commodities and energy prices since the start of the Iran war.
Jet fuel leads with a 70% increase, followed by sulfur up 60%, Brent crude oil and heating oil both rising 52%, and West Texas Intermediate crude oil up 48%. Other notable moves include gasoline up 40%, European natural gas up 36%, and the S&P 500 higher by 4%. In contrast, VIX is down 10%, illustrating divergent trends between commodities and market volatility.
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Bilello previously reported that jet fuel and crude oil prices surged after the Iran war began. In a separate analysis, he found that 59% of U.S. stocks underperform Treasury bills over their lifetime. The data reflect his ongoing focus on relative asset performance and commodities.