Geopolitics Alpha

Falling wages, soaring energy prices and inflation: It’s beginning to look a lot like the 1970s

Published . Updated .

Is it time to dust off the financial playbook from that dismal decade?

Directly affected

  • No company is named in this report.

Indirectly affected

  • JPM JPMorgan Chase

    Bank profits move with lending and interest rates

  • BAC Bank of America

    Bank profits move with lending and interest rates

  • WFC Wells Fargo

    Bank profits move with lending and interest rates

  • C Citigroup

    Bank profits move with lending and interest rates

  • TLT iShares 20+ Year Treasury Bond

    Long-term bonds move when yields change

  • IEF iShares 7-10 Year Treasury Bond

    Treasury bonds move when yields change

  • XOM Exxon Mobil

    Oil producers earn more when crude prices rise

  • CVX Chevron

    Oil producers earn more when crude prices rise

  • GS Goldman Sachs

    Bank profits move with lending and interest rates

  • MS Morgan Stanley

    Bank profits move with lending and interest rates

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
JPM———————
BAC———————
WFC———————
C———————
TLT———————
IEF———————
XOM———————
CVX———————
GS———————
MS———————

Is it time to dust off the financial playbook from that dismal decade?

Source: MarketWatch

The price since 2 Oct 2026: iShares S&P GSCI Commodity-Indexed Trust (GSG) versus the S&P 500

Since the first closing price after “Falling wages, soaring energy prices and inflation: It’s beginning to look a lot like the 1970s,” iShares S&P GSCI Commodity-Indexed Trust (GSG) is +3.51%. The S&P 500 fund (SPY) is -1.08% over the same days, a +4.59% difference versus the market.

GSG
SPY

Taiwan Strait on the map for this story

Taiwan Strait has 49 linked stories in the last 7 days and 49 in the last 30 on the page that also carries “Falling wages, soaring energy prices and inflation: It’s beginning to look a lot like the 1970s.” The recent pace is rising.

Who gains and who pays if Taiwan Strait stays in the story

Companies carried with this story

  • GSG iShares S&P GSCI Commodity-Indexed Trust

    In “Falling wages, soaring energy prices and inflation: It’s beginning to look a lot like the 1970s,” iShares S&P GSCI Commodity-Indexed Trust (GSG) is linked, with no stored direction, medium confidence. Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

  • DBA Invesco Db Agriculture Fund

    Invesco Db Agriculture Fund (DBA) is linked, with no stored direction, medium confidence in the 2 Oct 2026 story “Falling wages, soaring energy prices and inflation: It’s beginning to look a lot like the 1970s.” Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

  • MOO Vaneck Etf Trust

    For “Falling wages, soaring energy prices and inflation: It’s beginning to look a lot like the 1970s,” Vaneck Etf Trust (MOO) is linked, with no stored direction, medium confidence. Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

  • IEI Ishares Tr

    In “Falling wages, soaring energy prices and inflation: It’s beginning to look a lot like the 1970s,” Ishares Tr (IEI) is linked, with no stored direction, medium confidence. Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

  • UGA United States Gasoline Fund

    In “Falling wages, soaring energy prices and inflation: It’s beginning to look a lot like the 1970s,” United States Gasoline Fund (UGA) is linked, with no stored direction, medium confidence. Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

  • XME Spdr Series Trust

    In “Falling wages, soaring energy prices and inflation: It’s beginning to look a lot like the 1970s,” Spdr Series Trust (XME) is linked, with no stored direction, medium confidence. Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

  • XLY Select Sector Spdr Tr

    For “Falling wages, soaring energy prices and inflation: It’s beginning to look a lot like the 1970s,” Select Sector Spdr Tr (XLY) is linked, with no stored direction, medium confidence. Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

  • IWM Ishares Tr

    For “Falling wages, soaring energy prices and inflation: It’s beginning to look a lot like the 1970s,” Ishares Tr (IWM) is linked, with no stored direction, medium confidence. Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

How a Taiwan Strait shock reaches iShares S&P GSCI Commodity-Indexed Trust (GSG)

The 2 Oct 2026 story “Falling wages, soaring energy prices and inflation: It’s beginning to look a lot like the 1970s” names iShares S&P GSCI Commodity-Indexed Trust (GSG) because of Taiwan Strait.

For iShares S&P GSCI Commodity-Indexed Trust (GSG), the reason on file says Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

Also listed, Invesco Db Agriculture Fund (DBA): Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

Dates in the story, and the iShares S&P GSCI Commodity-Indexed Trust (GSG) price range

DBA traded between 27.85 and 28.86 across 20 sessions. The latest close on file is 28.19. GSG traded between 35.09 and 37.22 across 10 sessions. The latest close on file is 37.04. MOO traded between 80.33 and 85.25 across 20 sessions. The latest close on file is 80.70.

A simple score for iShares S&P GSCI Commodity-Indexed Trust (GSG)

46 out of 100

“Falling wages, soaring energy prices and inflation: It’s beginning to look a lot like the 1970s” scores 46 out of 100. The score uses 1 sources, and 21 linked companies.