During the month of July, the top 3 sectors were: crypto (+37.02%), indices (+9.41%) and livestock (+4.68%). The bottom 3 sectors were: grains (-9.39%), softs (-6.56%) and metals (+0.84%). As expected the Fed raised rates by another 75 bps to help fight inflation. The stock market showed significant strength late in the month to post a near double digit return in the S&P 500. Commodities remain volatile and Crypto performed well after the rate hike. We saw lighter volume in many of the markets, as summer trading seems to be in full effect.
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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. Crypto: Bitcoin and Ethereum. S&P 500 Index – All data collected from investing.com. S&P GSCI Index – data collected from us.spindices.com/indices/commodities/sp-gsci.