Well, not exactly – Cotton and Crude Oil were the 2nd and 4th worst, but nobody really trades OJ and Oats. Anyway… wow, that was an ugly month for most anyone not named the US Treasury Bond, Clarke Capital, or Walmart.
We’re looking at 31 of the 39 financial and commodity markets on finviz.com’s futures page seeing losses in May (all the red over there).
[Please note – finviz does some weird things around contract rolls, which can make their percentage different than what would be found using a continuous contract or the cash/spot market, nonetheless, we feel it is representative. As always, past performance is not necessarily indicative of future results.]
- 79% of markets down
- 5 markets down over -15%
- 14 markets down over -10%
- 28 markets down over -5%
- Crude Oil down -17.5%
- Euro Currency only down -6%, felt like -25%
- Gold down -6%… safe haven?
We’ll see what June brings (we’re hoping for more of the same given managed futures short positioning).