All The Major Asset Classes Fell Last Week—Except Commodities

May 21 10:05 2018 Print This Article

Markets declined last week in nearly every corner of the major asset classes, with the lone exception of broadly defined commodities, based on a set of exchange-traded products.

The iPath Bloomberg Commodity (DJP) gained 0.6% over the five trading days through May 18. The increase lifted the exchange-traded note close to its highest level in a month.

“The rally likely has room to run, particularly from a returns perspective,” advised Jeffrey Currie, Goldman’s global head of commodities in a note to clients last week. “Oil fundamentals are now more bullish as robust demand faces supply disappointments.”

Bloomberg this morning reports that “commodities were a big casualty of the escalating trade war between the US and China, but are now set to be a major beneficiary of Beijing’s pledge to import more American goods.”

Read More

About Article Author

The Capital Spectator

CapitalSpectator.com is a finance/investment/economics blog that’s edited by James Picerno. The site’s focus is macroeconomics, the business cycle and portfolio strategy (with an emphasis on asset allocation and related analytics). In late-2009, the Eastern Economics Journal named Picerno as one of the nation’s “top economics bloggers”. Picerno is the author of Dynamic Asset Allocation: Modern Portfolio Theory Updated for the Smart Investor (Bloomberg Press, 2010) and Nowcasting The Business Cycle: A Practical Guide For Spotting Business Cycle Peaks (Beta Publishing, 2014). His articles on finance and economics have appeared in a variety of publications and news outlets over the years, including The Atlantic, Financial Advisor, BankRate.com, HorsesMouth.com, and Bloomberg Briefs: Economics. He also pens a daily economics column for the Saxo Group’s TradingFloor.com web site. Picerno has been writing about investing and macroeconomics since the early 1990s at Bloomberg, Dow Jones and other media groups before becoming an independent writer/analyst in 2008. He also offers consulting services on asset allocation and portfolio strategy, the US business cycle, and related data analytics in R and Excel.

Related Items

November 16, 2018

The TXPR Index hit a new 52-week low today, touching 667.15, well below the prior low (set on October 30) of 669.90. There have now been seven straight days of losses, during which the price index has gone down 2.73%. CPD closed at 13.38, its low for the day, just a penny above its 52-week low set ...

Week Ahead: Nifty has multiple overhead resistances to deal with in this short week

The Indian Equity Markets spent the entire week on expected lines. The previous week was expected to be turbulent, and the zone of 10600-10750 was set to pose stiff resistance to the Markets and on these analyzed lines, the NIFTY continued to remain volatile all throughout the week. The benchmark I ...

Schedule for Week of November 18, 2018

The key economic reports this week are October Housing Starts and Existing Home Sales.Happy Thanksgiving!----- Monday, Nov 19th ----- 10:00 AM: The November NAHB homebuilder survey. The consensus is for a reading of  68, unchanged from 68. Any number above 50 indicates that more builders view sales ...

You Really CAN Make Money in a Rough Market Environment

The quarter beginning 10-1-18 has been challenging for a lot of traders. The NASDAQ has lost almost 10% while the S&P has lost 6%, both well off the quarter's low. Volatility has reigned with the VIX at elevated levels for most of the quarter. It has been challenging for us at EarningsBeats as well ...

SNAPCHART – The Future of Oil Supply

  Earlier this year, the International Energy Agency (IEA) published their annual five year outlook called the Oil Market Report Series.  This week’s SnapChart plots the biggest sources of oil supply gains and losses in the next five years according to their 2018 report. For supply growth, the ...

Top Funds' Activity in Q3 2018

Arie Shapiro reports, Which Hedge Funds Got ‘Whale Rocked’ in October?:Today is the deadline for 13Fs, where funds of all kinds will disclose what stocks they bought and which ones they sold in the third quarter.But this filing period is a bit different than others because the quarter ended jus ...

US REITs Led Last Week’s Partial Rebound In Asset Classes

Roughly half of the major asset classes posted gains last week, led by a strong increase in US real estate investment trusts (REITs), based on a set of exchange-traded products. Vanguard Real Estate (VNQ) surged 3.3% for the trading week ended Nov. 9. The gain, which lifted the ETF close to its hig ...

A Brief Deconstruction of “Organizing” In Canada - Loonie Politics

  It's PCPO Convention weekend as I write this, and you know what THAT means: It means some unfortunates will have to get off their asses and actually organize stuff.  Since nobody in Canada actually likes organizing stuff, or has the first clue how to organize stuff, things have gone completely ...