Wall Street bank warns: Everything From Oil To Wheat Could Jump 40%

Wall Street bank warns: Everything From Oil To Wheat Could Jump 40%

A new report from JPMorgan Chase shows potential increases in the price of oil, wheat, and other commodities. JPMorgan Chase says that if investors increase their allocation to commodities, they could rise 40%. According to Bloomberg, the bank's strategists said that while allocations are above historical averages on commodities, they are not as overweight as they have been.

It is possible to improve raw materials, given the suggestions made by strategists. The note has been seen by a media outlet, who published it on April 6th.

Financial sanctions on Russia have disrupted shipments and worsened the supply shortage, driving prices up. This has spurred inflation to higher levels and investors are adjusting their portfolios accordingly with stocks and bonds taking a back seat to commodities.

The Russian government has announced that it will not export certain commodities and raw materials in order to ensure its own safety in light of the Ukraine-related sanctions.

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