Scalper1 News
Depending on your perspective, November proved to be a rather correlated or non-correlated month. U.S. stocks and Managed Futures are the only two asset classes we track with positive results in November (likely from unique return drivers), while Long-Only Commodities continues to plummet, and Managed Futures is positive on the year. Those that know that Managed Futures can find return drives when the markets are moving up, down, and from various different sectors won’t be surprised to see that it was also able to make a +2.84% gain, when the iShares S&P GSCI Commodity-Indexed Trust ETF (NYSEARCA: GSG ) had another big downward move in November, down -9.03%, bringing the YTD performance to -27.34% (Disclaimer: Past performance is not necessarily indicative of future results) . As FT Alphaville points out, this is the 5th-worst November the index has ever had. Believe it or not, November 2014 was worse, as was its full-calendar year performance . As for the actual return drivers from Managed Futures in November, a trending dollar is Managed Futures’ friend . Many are speculating that if the Fed decides to raise interest rates, it could push the dollar higher, and in doing so, could give Managed Futures that extra help before the year draws to a close. Many are waiting to see what happens to the markets in December, pending the Fed decision. It will be a nail-biter to the end. (click to enlarge) (Disclaimer: past performance is not necessarily indicative of future results.) Source: All ETF performance data from Morningstar Source: Managed Futures = Newedge CTA Index, Cash = 13-week T-Bill rate Bonds = Vanguard Total Bond Market ETF (NYSEARCA: BND ) Hedge Funds= IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA: QAI ) Commodities = iShares S&P GSCI Commodity-Indexed Trust ETF ( GSG ) Real Estate = iShares U.S. Real Estate ETF (NYSEARCA: IYR ) World Stocks = iShares MSCI ACWI ex-U.S. Index ETF (NASDAQ: ACWX ) US Stocks = SPDR S&P 500 Trust ETF (NYSEARCA: SPY ) Scalper1 News
Scalper1 News