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Major Asset Classes | November 2017 | Performance Review

Summary:
US stocks resumed the lead in November as the top performer for the major asset classes. The Russell 3000 Index gained 3.0% last month, the strongest advance since February and the 13th consecutive month of positive total returns for the benchmark. Most asset classes posted gains in November, with only a handful of exceptions. The red ink was mild and limited to US investment-grade and junk bonds and broadly defined commodities, last month’s worst performer. The Bloomberg Commodity Index ticked down 0.5% after rising 2.1% in October. [embedded content] Meantime, the tailwind continued to blow for the Global Market Index (GMI), an unmanaged benchmark that holds all the major asset classes in market-value weights. The index posted a 1.8% total return for November (the 12th straight

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US stocks resumed the lead in November as the top performer for the major asset classes. The Russell 3000 Index gained 3.0% last month, the strongest advance since February and the 13th consecutive month of positive total returns for the benchmark.

Most asset classes posted gains in November, with only a handful of exceptions. The red ink was mild and limited to US investment-grade and junk bonds and broadly defined commodities, last month’s worst performer. The Bloomberg Commodity Index ticked down 0.5% after rising 2.1% in October.


Meantime, the tailwind continued to blow for the Global Market Index (GMI), an unmanaged benchmark that holds all the major asset classes in market-value weights. The index posted a 1.8% total return for November (the 12th straight monthly increase) and is up a sizzling 16.2% year to date. The monthly winning streak through November marks the longest run of monthly gains in GMI’s 20-year history, edging out the previous record – an 11-month marathon in 2006-2007.

Major Asset Classes | November 2017 | Performance Review

James Picerno

James Picerno is a financial journalist who has been writing about finance and investment theory for more than twenty years. He writes for trade magazines read by financial professionals and financial advisers. Over the years, he’s written for the Wall Street Journal, Barron’s, Bloomberg Markets, Mutual Funds, Modern Maturity, Investment Advisor, Reuters, and his popular finance blog, The CapitalSpectator.

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