Category: NYSE:NIB

From Chris Kimble: Tis the season for Chocolate (Cocoa) to do well, will it repeat its historical pattern again this year?

Having recently come off of a successful Easter Egg hunt for my two children at the park across the street from our home ahead of Easter weekend, eating some of the spoils, notably Reese’s Peanut Butter eggs, has me thinking about, what else, but chocolate and more chocolate.

The iPath Bloomberg Cocoa Sub-Index Total Return ETN (NIB) outperformed all other non-leveraged, non-inverse exchange traded products in the U.S. today on a percentage basis, producing a +4.35% one-day return and outperforming the wider markets by a total of 3.83 percentage points.