logo
  Join        Login             Stock Quote

Major Asset Classes | November 2012 | Performance Review

 December 03, 2012 09:04 AM


The fiscal cliff is drawing closer in the US as the recession in Europe rolls on, but the major asset classes overall posted a modest gain for November. The Global Market Index (GMI) earned 0.8% last month and is up 9.8% on the year. The big winner in November: foreign stocks in developed markets as tracked by MSCI EAFE, which climbed 2.4% last month. But EAFE's fixed-income counterpart (Citigroup World Government Bond Index ex-US) was on the leading edge of losses, closely followed by REITS—each posting 0.4% declines. Otherwise, the month-to-date numbers were red-ink free.

For the year so far, the performance ledger has remained comfortably in the black for all the major asset classes. Cash, of course, continues to go nowhere fast, but risky assets have delivered varying shades of gain so far this year. By some accounts, it's an odd sight—broadly distributed profits for all the primary markets amid so much anxiety over what happens next for the big picture.

[Related -Death Cross More Of A Buy Signal?]

"Washington brinkmanship and a delay in reaching an agreement on the 'fiscal cliff' are likely to rattle markets," says John Praveen, chief investment strategist at Prudential International Investments Advisers. "These risks and uncertainties are likely to keep markets volatile."

The volatility so far in 2012 hasn't been a problem. But if there's a price to pay for so much uncertainty, will December become the weak link in an otherwise profitable year?
iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageDeath Cross More Of A Buy Signal?

With the recent weakness in the equity markets, many stocks' and stock indices' chart patterns have traced read on...

article imageKey Price Planning Levels Updated for Chipotle

After a huge price surge from $600 to $760, Chipotle (CMG) shares retraced to a critical “Make or Break” read on...

article imageChina Growth and Market Structural Integrity Top List of Fear Poll Concerns

After a hiatus of almost a year (the October 2014 pullback, to be exact), I have reprised the VIX and More read on...

article imageIs The Treasury Market Still Expecting Moderate US Growth?

The roller-coaster ride in global markets in recent weeks has raised new doubts about economic growth in read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.