Commodites rise 20% to enter bull market territory

Supply constraints and production cuts have driven up the prices of raw materials since the low points hit early this year when concerns about a major slowdown in China weighed on commodities. Bloomberg's Commodity Index, which tracks returns from 22 raw materials, closed 1% higher on Monday, leading to a 21% gain since 20 January, meeting the common definition of a bull market. Although commodities have come close to breaking out of the bear market that began at the end of 2011, it has never sustained a rally long enough, until now. Commodities have outperformed global equities an...