During the month of November, Crypto (+11.06%) and Indices (+9.22%) were the top performers. The bottom performers were Energy (-6.97%) and Livestock (-6.19%). Crypto (+11.06%) posted its third straight positive month, with back to back months of double digit percentage earnings. As we move into winter, Livestock (-6.19%) earnings have slowed but support may come from tighter beef supply in the coming months. The S&P 500 (+8.92%) ripped higher in November, as pessimism turned into confidence about interest rates and inflation. The FOMC meets again on December 12-13, where many experts expect the Fed to hold rates steady.
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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.