Wow! There’s quarters… then there’s those quarter-managed futures just put up… while stocks went up in March, mind you. The drivers that big commodity number you see at the top of the table, but also that poor Bonds number you see at the bottom of the table, with managed futures short bonds and loving it as rates are rising. Elsewhere, it was a rally nobody really believes in U.S. Stocks, while that cash number is starting to bump up thanks to short-term rates. What will the rest of the year bring after such a unique Q1? More bond red, after most bond indices are already at their lowest annual readings in the past few decades. Stay tuned…

Past performance is not indicative of future results.

 

Past performance is not indicative of future results.

Sources: Managed Futures = SocGen CTA Index,
Cash = US T-Bill 13 week coupon equivalent annual rate/12, with YTD the sum 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)

All ETF performance data from Y Charts