Looks like everything except the kitchen sink is scortching hot to start the new year. Feel free to add any charts, etc. … Industrial metals / mining
have been hot most of 2022 … Rio Tinto (RIO) shows a 6 month gain of 33% on the Google chart today. Looks like gold will soon break above $900 if it hasn’t already, Miners are up 1-2% today. As @MikeM
noted in another thread recently, PRPFX … is a tamer way to play the metals - and held up relatively well last year. And some REIT funds bounced around 4% yesterday.
Lagging are some of the consumer staples
stocks viewed as more of a defensive play - but still enjoying the ride. One defensive fund some here own, CCOR
, has been struggling a bit lately. Off about 0.50% at the moment - but tends to be highly volatile on an hour-by-hour and day-to-day basis … If you own anything denominated in non-dollar currencies you’ll likely have a good day. In particular the Japanese yen
is doing very well today …
… GNMA funds have been hot this year … Daily gains around a half-percent common. Some up 0.75% today alone. Have to believe many other investment grade bond funds are enjoying the ride. The first 10 trading days of 2023 seem a mirror image
of 2022 when both stocks and bonds tumbled together.
Other market observations?