How did it get to be December 10th already?  We feel like we were just having turkey and pumpkin pie last week, but looks like we’re already a week into the last month of the year. Which brings us to a delayed release of last month’s asset class scoreboard, where it was a reversal of fortunes for most asset classes, with stocks rebounding (slightly) from the big red October loss – while Commodities took it on the chin – behind Crude Oil’s move down into the $40’s.  Elsewhere, Hedge Funds remained highly correlated with stocks (albeit with less risk), while managed futures finally showed some negative correlation to stocks, right at the wrong time, uggh.

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Past performance is not necessarily indicative of future results.

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Source: All ETF performance data from Morningstar.com
Sources: Managed Futures = SocGen CTA Index,

Cash = US T-Bill 13 week coupon equivalent annual rate, with YTD the average of each month’s value,
Bonds = Vanguard Total Bond Market ETF (NYSEARCA:BND),
Hedge Funds = IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)
Commodities = iShares S&P GSCI Commodity-Indexed Trust ETF (NYSEARCA:GSG);
Real Estate = iShares U.S. Real Estate ETF (NYSEARCA:IYR);
World Stocks = iShares MSCI ACWI ex-U.S. ETF (NASDAQ:ACWX);
US Stocks = SPDR S&P 500 ETF (NYSEARCA:SPY)