During the month of August, the top 3 performing sectors were: financials (+2.88%), softs (+1.49%), and interest rates (-0.16%). The bottom 3 sectors were: livestock (-5.30%), metals (-3.73%) and grains (-1.15%). Financials locked in their seventh consecutive month of positive gains as the Federal Reserve met in Jackson Hole where they discussed near and long-term economic outlook. The livestock sector struggled as lean hog prices fell more than -16% given weak exports and increased production. Gold and silver remained weak against the dollar as some investors try to make sense of inflationary worries. And lumber prices fell more than -20% which has since rebounded.
Sector & Index Performance Consists of the following:
Grains: Corn, Soybean Meal, Oats, Soybeans, Soybean Oil, Wheat, Rough Rice. Livestock: Live Cattle, Feeder Cattle, Lean Hogs. Softs: Cocoa, Orange Juice, Sugar No. 11, Random Length Lumber, Coffee, Cotton No. 2. Currencies: Euro Currency, Japanese Yen, British Pound, Canadian Dollar, Swiss Franc, US Dollar, Brazilian Real, Mexican Peso, Australian dollar. Indices: S&P 500, Mini Dow, Mini Nasdaq. Interest Rates: 30-year t-bond, 10-year t-note, 5-year t-note, Eurodollars. Metals: Gold, Silver, Copper, Platinum, Palladium. Energy: Crude Oil, Reformulated Gas, Natural Gas, Heating Oil, Denatured Fuel Ethanol. S&P 500 Index – data collected from investing.com. S&P GSCI Index – data collected from us.spindices.com/indices/commodities/sp-gsci.