During the month of October, the top sectors were crypto (+11.96%), indices (+8.45%), and energies (+4.13%). The bottom sectors were softs (-5.08%), metals (-2.09%) and interest rates (-2.07%). Equities roared back from bear-market lows, which were led by the Dow Jones posting its best month since 1976 (+13.80%). Softs (-5.08%), made improvements since last month, but ended the month negative mainly attributed to the selloff in Coffee (-19.79%) and Cotton (-15.63%). Soybean Oil was this month’s top individual performer (+18.92%). While Coffee delivered this month’s lowest individual performance (-19.79%). The Fed has hinted towards continuing its course and is expected to raise rates in this week’s upcoming meeting with an eventual target rate of 4.25% to 4.50% by year end.
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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.