Auspice Broad Commodity Excess Return Index (ABCERI)
The ABCERI gained 1.03% in June as select commodities pushed higher. However, the upside was not universal, illustrating the benefit of the tactical long-flat approach the strategy uses. During June, Energies and Metals continued higher while Ags pulled back. As such, while we continue to see Equities strengthen, we also observe a tactical asset class rotation playing out.