Summary of January Returns
The first month of the year is history. It was an epic month. Stocks closed near new highs but did lose some ground on Monday through Wednesday.
We will look at by bonds, equities, commodities, currencies and equity sectors. First, all stock indexs were higher with the NASDAQ 100 leading the way up
8.65%. At the low end was Russell 2000 with a return of 2.57%.
All commodities were higher, led by oil which rose 8.65%. Close behind was natural gas at 7.55%. The laggard was silver up 2.25%.
The trend on commodities remains the same. The Dollar lost -3.25% in the first month of the year. Internationsl equities again led U.S. equities. The leader was Brazil which rose
15.18%. Close behind was China with a return of 14.08%.
The only sectors to drop in the U.S. were real estate which fell -2.96% and utilities which dropped -3.06%. The leader here was retailers which rose 11.08%. All in all, a pretty impressive month
for sector returns.