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>>> Looks like a pure underdog money rotation to me.
One may suppose it depends somewhat on which money house has the best current algo's for finding the weak sectors to place monies from the sells in the prior stronger sectors. Real estate funds were dinged by the pending fear of interest rate spikes.
I don't think any of this has anything, at this time; to do with pending inflationary pressures. Although not pulling the %'s as above, even the lonely TIP related funds are up about 4.2% YTD, for the longer durations ( LTPZ) after a 9-10% negative return in 2013 with broadbased related funds and a -19% for LTPZ.
It is more like deflationary fears being overcome that had depressed commodities and their subsequent mean reversion as long as those fears don't re-appear. It is a far cry from that to inflationary fears.
Comments
"• Gold-mining stock funds, up 25.6%
• Precious metals funds, up 9%
• Real estate funds, up 7.1%
• Commodities funds, up 4.1%"
>>> Looks like a pure underdog money rotation to me.
One may suppose it depends somewhat on which money house has the best current algo's for finding the weak sectors to place monies from the sells in the prior stronger sectors. Real estate funds were dinged by the pending fear of interest rate spikes.
I don't think any of this has anything, at this time; to do with pending inflationary pressures. Although not pulling the %'s as above, even the lonely TIP related funds are up about 4.2% YTD, for the longer durations ( LTPZ) after a 9-10% negative return in 2013 with broadbased related funds and a -19% for LTPZ.
Too much delevering still in place, IMO.
Take care,
Catch
It is more like deflationary fears being overcome that had depressed commodities and their subsequent mean reversion as long as those fears don't re-appear. It is a far cry from that to inflationary fears.