It’s Getting Volatile in Here…
Dull is the last word to use to describe recent events. Vix is at its highest point this year, and the ATR’s of Gold, and the S&P 500 are showing major movements. Could we be seeing the start of a volatility level like in 2007 and 2008? Is this the moment for manged futures to shine once more?
You Think Gold’s been doing Bad, Check out Gold Miners…
What’s the only thing worse than being long gold as it plunged 12% since June 1st? Being long a gold mining company who has massive exposure to the plunging gold price, as well as some added extra exposure in terms of the company’s management, fixed costs, debt, and so on… Just look at the performance of these commodity producer/miner ETFs versus the commodity ETFs versus the actual commodity itself.
Bring Back the Corn Murals
The corn murals should return to their sweet glory at the Corn Palace this fall. The USDA released its farmers survey, saying the 97 million acres of Corn planted this season is more than any time since 1936. Finviz is a little off on their charts, and M6 Capital predication pays off.
Commodity ETF Performance – June
Despite our best efforts to put commodity ETFs to bed for good, they continue to outperform the competition and prove us wrong so far in 2013. We’ll see is this is the same picture at the end of the year. For now, see where ETF’s outperformed December Futures this month.
Risk On/Risk Off Market Snapshot: June 2013
As we’ve been stating the past couple of months, the markets are on the move, and our monthly peek at the Risk On/Off stats provide a little bit of proof of that. We’re still not seeing the same numbers of Risk On/Off days as last year, but in June, we did see the biggest average move up or down of the year.
Disclaimers
Managed futures, commodity trading, forex trading, and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. You should not rely on any of the information as a substitute for the exercise of your own skill and judgment in making such a decision on the appropriateness of such investments.
The entries on this blog are intended to further subscribers understanding, education, and – at times – enjoyment of the world of alternative investments. Unless distinctly noted otherwise, the data and graphs included herein are intended to be mere examples and exhibits of the topic discussed, are for educational and illustrative purposes only, and do not represent trading in actual accounts. Opinions expressed are that of the author.
The mention of specific asset class performance (i.e. +3.2%, -4.6%) is based on the noted source index (i.e. Newedge CTA Index, S&P 500 Index, etc.), and investors should take care to understand that any index performance is for the constituents of that index only, and does not represent the entire universe of possible investments within that asset class. And further, that there can be limitations and biases to indices such as survivorship, self reporting, and instant history.
The performance data for various Commodity Trading Advisor (“CTA”) and Commodity Pools are compiled from various sources, including Barclay Hedge, RCM’s own estimates of performance based on account managed by advisors on its books, and reports directly from the advisors. These performance figures should not be relied on independent of the individual advisor’s disclosure document, which has important information regarding the method of calculation used, whether or not the performance includes proprietary results, and other important footnotes on the advisor’s track record.
The mention of general asset class performance (i.e. managed futures did well, stocks were down, bonds were up) is based on RCM’s direct experience in those asset classes, estimates of performance of dozens of CTAs followed by RCM, and averaging of various indices designed to track said asset classes.
The mention of market based performance (i.e. Corn was up 5% today) reflects all available information as of the time and date of the publication.
The owner of this blog, RCM Alternatives, may receive various forms of compensation from certain investment managers highlighted and/or mentioned within the blog, including but not limited to retaining: a portion of trade commissions, a portion of the fees charged to investors by the investment managers, a portion of the fees for operating a fund for the investment managers via affiliate Attain Portfolio Advisors, or via direct payment for marketing services.
Managed Futures Disclaimer:
Past Performance is Not Necessarily Indicative of Future Results. The regulations of the CFTC require that prospective clients of a managed futures program (CTA) receive a disclosure document when they are solicited to enter into an agreement whereby the CTA will direct or guide the client’s commodity interest trading and that certain risk factors be highlighted. The disclosure document contains a complete description of the principal risk factors and each fee to be charged to your account by the CTA.
See the full terms of use and risk disclaimer here.
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