During the month of November, the top 3 performing sectors were: softs (+5.98%), livestock (+2.80%), and interest rates (+0.63%). The bottom 3 sectors were: energies (-14.71%), metals (-5.79%) and currencies (-1.67%). The month of November started quietly as we entered the holiday season, but volatility quickly hit all the markets as news of the new variant (Omicron) surfaced during Thanksgiving week. We saw a huge reversal in energies and indices sold off on the last few days to end the month negative. Generally the holiday season sees lighter volume across all the markets, but something tells us that this will be a busier than usual end of the year.
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.