Breaking News
Get 40% Off 0
👀 Reveal Warren Buffett's stock picks that are beating the S&P 500 by +174.3% Get 40% Off

Real Estate Stocks Heat Up Again, Leading Broad Market Rally in November

By James PicernoStock MarketsDec 01, 2023 07:57AM ET
www.investing.com/analysis/real-estate-stocks-heat-up-again-leading-broad-market-rally-in-november-200644064
Real Estate Stocks Heat Up Again, Leading Broad Market Rally in November
By James Picerno   |  Dec 01, 2023 07:57AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
 
GSG
-0.61%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
VTI
-0.16%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
GLD
+0.18%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
VNQ
+1.02%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
VNQI
-0.99%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

Global markets surged in November—except for commodities, which posted the only decline among the major asset classes last month, based on a set of ETF proxies.

US property shares led the rally. After three straight monthly declines, Vanguard US Real Estate (NYSE:VNQ) roared back in November with a white-hot 12.1% gain.

US stocks were last month’s second-strongest performer. Vanguard US Total Stock Market (NYSE:VTI) rose 9.4%, the first monthly gain for the fund since July.

Year to date, VTI continues to outperform the rest of the field by a wide margin via a near-20% advance.

US bonds (NASDAQ:BND) rebounded in November, partially reversing a painful run of six consecutive monthly declines. Vanguard Total US Bond Market rose 4.5% and is up 2.5% year to date.

The downside outlier last month: a broad measure of commodities. The iShares S&P GSCI Commodity-Indexed Trust (NYSE:GSG) slumped 4.4% and is down 2.6% year to date.

The only other major asset class with red ink so far this year: foreign real estate (VNQI) with a 1.1% loss.

Within the commodities space, gold bucked the trend and posted a gain. SPDR Gold Shares (NYSE:GLD) rose 2.5%, boosting its year-to-date gain to 11.3%.

GMI-Total Returns Table
GMI-Total Returns Table

Thanks to November’s widespread gains, the Global Market Index (GMI) surged 8.3% last month after three months of losses. The gain marks the best monthly advance in three years.

This unmanaged benchmark (maintained by CapitalSpectator.com) holds all the major asset classes (except cash) in market-value weights and represents a competitive benchmark for multi-asset-class portfolios.

Wealth Indexes 1-Year Daily Data
Indexes 1-Year Daily Data

GMI’s performance over the past year continues to track the ebb and flow for US stocks(VTI). US bonds (BND), despite last month’s rally, are trailing US shares and GMI by a wide margin over the past 12 months.

Real Estate Stocks Heat Up Again, Leading Broad Market Rally in November
 

Related Articles

Real Estate Stocks Heat Up Again, Leading Broad Market Rally in November

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
Md Abu suma
Md Abu suma Dec 04, 2023 7:57AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
01962734213
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email