Major Asset Classes Performance Review For September 2018

www.investing.com/analysis/major-asset-classes--september-2018--performance-review-200346356

By James Picerno | Oct 01, 2018 06:43AM ET

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Broadly defined commodities led the performance horse race in September for the major asset classes. The return marked the first monthly advance for commodities since May, which was also the last time that raw materials writ large led the field.

The Bloomberg Commodity Index jumped 1.9% last month, comfortably above the other gains for the major asset classes. The second-biggest increase in September was posted by foreign stocks in developed markets: the MSCI EAFE Index gained 0.9% last month.

US real estate investment trusts (REITs) suffered the biggest loss in September among the major asset classes. The MSCI US REIT Index tumbled 2.6% — the first monthly setback for US securitized real estate since February.

Total Returns

The broad trend for assets overall was flat in September, based on the Global Market Index (GMI), an unmanaged benchmark that holds all the major asset classes in market-value weights. GMI was unchanged in September. For the past year, however, GMI is ahead by a solid 7.6%.

Meantime, US stocks edged up 0.2% in September via the Russell 3000 Index, and for the trailing one-year window equities surged a strong 17.6%.

It’s another story for domestic fixed-income securities, courtesy of rising interest rates. US investment-grade bonds (via Bloomberg US Aggregate Bond) slumped in September, falling 0.6%. For the past 12 months, US bonds remain in the red with a 1.2% loss vs. the year-earlier level.

Wealth Indexes GMI Vs US Stock & Bond Markets

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Central Banks

Interest Rates

Next Meeting

FED

4.75%

Mar 22, 2023

ECB

3.00%

Mar 16, 2023

BOE

4.00%

Mar 23, 2023

SNB

1.00%

Mar 23, 2023

RBA

3.35%

Mar 07, 2023

BOC

4.50%

Mar 08, 2023

RBNZ

4.25%

Feb 22, 2023

BOJ

-0.10%

Mar 10, 2023

CBR

7.50%

Feb 10, 2023

RBI

6.50%

Feb 08, 2023

PBOC

3.65%

BCB

13.75%

Mar 22, 2023

US 30	34,015.0	-141.7	-0.41%
US 500	4,122.1	-41.9	-1.01%
Dow Jones	33,949.01	-207.68	-0.61%
S&P 500	4,117.86	-46.14	-1.11%
Nasdaq	11,910.52	-203.27	-1.68%
S&P 500 VIX	19.63	+0.97	+5.20%
Dollar Index	103.335	+0.037	+0.04%

Crude Oil WTI	78.48	+1.34	+1.74%
Brent Oil	85.13	+0.03	+0.04%
Natural Gas	2.419	-0.165	-6.39%
Gold	1,887.75	-0.45	-0.02%
Silver	22.345	-0.003	-0.01%
Copper	4.0475	-0.0330	-0.81%
US Soybeans	1,519.75	+4.75	+0.31%

U.S. 10Y	3.615	-0.059	-1.59%
U.S. 30Y	3.672	-0.034	-0.92%
U.S. 5Y	3.7900	-0.0540	-1.40%
U.S. 3M	4.7084	+0.0050	+0.11%
US 10Y T-Note	113.64	+0.41	+0.36%
Euro Bund	136.31	+0.26	+0.19%
10-2 Yield Spread	-78.92	+4.53	+-5.43%

Apple	151.95	-2.70	-1.75%
Alphabet A	99.37	-8.27	-7.68%
Tesla	201.29	+4.48	+2.28%
Amazon.com	100.05	-2.06	-2.02%
Netflix	366.83	+3.88	+1.07%
Meta Platforms	183.43	-8.19	-4.27%
Bank of America	36.50	-0.27	-0.73%

Major Asset Classes Performance Review For September 2018

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