During the month of October, the top 3 performing sectors were: grains (4.76%), energies (2.93%), and currencies (0.15%). The bottom 3 sectors were: livestock (-4.85%), indices (-3.34%) and softs (-2.74%). COVID-19 cases surged around the world as cases topped 46.6 million. US daily COVID-19 cases increased to 81,000 per day, the highest number we’ve seen all year (see chart below). The market gave up early gains in October as investors fear another wave of coronavirus and await the decision of today’s election. Investors can expect to see volatile markets during the first couple weeks of November as the American people assess who will be their next president.
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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. 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.