«Quilts Inbound.»
Traders,
With 2023 now within spitting distance, you’re seeing banks & research firms release updated performance quilts. These graphics are a cute way to show how each major asset class has performed and how the returns compare to previous years.
Here are some interesting observations from the BofA Global Research version shown below.
- Thanks to energy, commodities took the top spot, up 28.7%
- While rising interest rates torpedoed everything else, it vaulted cash to second place, up 1.3%
- Gold was a bastion of stability, closing near unchanged for the year.
- Everything else fell double digits.
- The housing market struggled as mortgage rates nearly tripled. REITS came in last place, down 24.4%.
Video Of The Day: Jedi Options – Boomerangs
In today’s Jedi Options, Coach Tyler talks about a Boomerang Trade.
Chart of the Day: The Asset Class Quilt of Total Returns
The stats could change based on the last two weeks of the year, but here’s where we stand as of 12/14.
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