VNQI - Commodities Overtake U.S. Stocks As Performance Leader In 2024
2024-03-19 08:30:00 ET
Summary
- The 2024 rise in commodities eclipses the 7.0% rise in American shares, based on Vanguard Total US Stock Market Index Fund ETF Shares, which eased 0.3% last week.
- The question is whether the bounceback in commodities in 2024 is mostly the effects of mean reversion vs. a regime change for the asset class.
- It’s still unclear if this is something more than a market realignment, but for the moment the odds certainly look better for thinking that commodities are on track to reverse a dismal performance in 2023.
It had to end eventually. Whether last week’s shift in the pole position endures is something else entirely. But for the moment, US equities are no longer leading the horse race for the major asset classes year to date, based on a set of proxy ETFs through Friday’s close (Mar. 15)....
Commodities Overtake U.S. Stocks As Performance Leader In 2024