During the month of July, the top 3 performing sectors were: metals (13.34%), livestock (11.65%) and softs (10.79%). The bottom 3 sectors were: grains (-3.56%), the Barclays CTA Index (0.29%) and interest rates (0.73%). As the pandemic continues, investors are adding more alternative assets to their portfolio to weather the chaos. We witnessed record returns in July as gold broke 2011 all time highs and silver rose over 30% in value. The US dollar continues to face downward pressure as other major currencies such as the Euro, British Pound, and Japanese Yen seem rather strong. As for US financials, tech stocks remain strong as ever as the Nasdaq rose by 7.3%. Looking forward to the month of August, it wouldn’t be unusual to see some continuation of the same trends we saw in July.
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. Barclay CTA Index – data collected from barclayhedge.com. S&P GSCI Index – data collected from us.spindices.com/indices/commodities/sp-gsci.