Asset Class Scoreboard

Asset Class Scoreboard: An Ugly 2018

Well that was ugly…. 2018 is in the books, and looking at the asset class scoreboard for the full year is like looking at who won in a race to zero.  What was down?  Take your pick!  Stocks, yep. World Stocks (worse). Commodities (worse yet). Real Estate (down). The diversifiers Hedge Funds and Managed Futures? Minus, loser. Even Bonds were down (slightly). Good old cash was the only place to be if you wanted a positive return.  We’ve long talked about correlations going to one in a crisis, and . . .

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