During the month of January, the top 3 performing sectors were: energies (+16.40%), grains (+5.44%), and metals (+4.68%). The bottom 3 sectors were: indices (-5.80%), interest rates (-1.76%) and currencies (-0.29%). The start of 2022 began with increased volatility across the board with stocks taking the largest hit (Nasdaq -8.67% | S&P 500 -5.34% | Dow Jones -3.39%). Commodities, in general, were positive with energies exploding higher. The VIX, a common reference for broad stock market volatility, almost doubled. Even the traditional safe haven of bonds was down approximately 2.0%. If January is any indication for the rest of the year it seems that one thing will remain in the markets and that’s volatility. It’s important to note, that platinum (+5.84%) and palladium (+22.73%) were the main reason why overall metals showed higher as precious metals such as gold (-1.84%) and silver (-1.82%) struggled.
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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. All data collected from investing.com. S&P 500 Index – data collected from investing.com. S&P GSCI Index – data collected from us.spindices.com/indices/commodities/sp-gsci.