How did it get to be December 10th already?  We feel like we were just having turkey and pumpkin pie last week, but looks like we’re already a week into the last month of the year. Which brings us to a delayed release of last month’s asset class scoreboard, where it was a reversal of fortunes for most asset classes, with stocks rebounding (slightly) from the big red October loss – while Commodities took it on the chin – behind Crude Oil’s move down into the $40’s.  Elsewhere, Hedge Funds remained highly correlated with stocks (albeit with less risk), while managed futures finally showed some negative correlation to stocks, right at the wrong time, uggh.

 

Past performance is not necessarily indicative of future results.

 

Source: All ETF performance data from Morningstar.com
Sources: Managed Futures = SocGen CTA Index,

Cash = US T-Bill 13 week coupon equivalent annual rate, with YTD the average of each month’s value,
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 (NYSEARCA:GSG);
Real Estate = iShares U.S. Real Estate ETF (NYSEARCA:IYR);
World Stocks = iShares MSCI ACWI ex-U.S. ETF (NASDAQ:ACWX);
US Stocks = SPDR S&P 500 ETF (NYSEARCA:SPY)