After a long decline last summer, industrial stocks have turned around and are now outpacing the broader market. The Vanguard Industrials ETF (VIS) is up 13% since September 1, 2011. That compares to an 8% rise for the broader equity market over the same time period.
The final quarter of 2011 is one that Gold investors would like to forget. SPDR Gold Shares (GLD) was down over 5% in the last three months of the year compared to a 15% gain for the SPDR S&P 500 (SPY) over the same time period.
China equities have continued to underperform the broader market throughout the second half of 2011. The $6 billion iShares FTSE-Xinhua China 25 Index Fund (FXI) is down nearly 19% since the end of June compared to only a 2% decline for the S&P 500.
Stocks and commodities are under pressure from the rising dollar. We have already seen a sizable pullback but there may be more to come in the next few trading sessions.
Equity investors continue to experience a roller coaster ride as a terrible run up to Thanksgiving was followed by a week significant gains in stock prices.
Looking forward to 2012 it looks as though we are going to see some major changes unfold globally that will change the way we do things and live our lives. Unfortunately its a very negative outlook but I do have hope that something will be done to preserve our somewhat normal lifestyles.
Over the recent couple months the precious metals charts have made some sizable moves. Most investors and traders were caught off guard by the sharp avalanche type selloff and lost a lot of hard earned capital in just a few trading sessions. Gold dropped over 20% and silver a whopping 40%.
Stocks continued their run this week as investors once again embraced risk after the announcement of a preliminary European debt deal. Since September 22, the SPDR S&P 500 ETF (SPY) is up 14% while the Barclays Capital 20+ Year Treasury Bond Fund (TLT) is down 10% over the same time period.
In a wild 4 week period, stocks and US Treasury bonds have experienced double digit swings that resulted in the two asset classes ending about where they began.