During the month of November, the top 3 performing sectors were: softs (15.04%), energies (13.27%), and the indices (11.46%). The bottom 3 sectors were: interest rates (0.26%), currencies (2.84%) and livestock (3.22%). As Covid-19 cases continued to rise throughout the month of October and into November, it was difficult to see any light at the end of 2020. Election night volatility was fairly low compared to the 2016 election night and from there, the market continued to rally alongside the announcement of three potential Covid-19 vaccines. As a result, the market had one of the best performing months of 2020.
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.