FYI: Investors have been shaken deeply in 2016, and the year isn’t even two full months old. Risk assets have been throttled, and safe havens have been in demand.
Oddly, the single best asset class this year, as you can see in the chart below, are lean hogs futures, which have gained 17% through Tuesday’s trading, and farmers expect a spring rally to boot. The gains in the hog market aren’t exactly responding to the macro picture, unlike most other gainers this year. From gold and silver to bonds and the Japanese yen, safe havens have been in demand
Regards,
Ted
http://blogs.wsj.com/moneybeat/2016/02/24/so-far-2016-is-the-year-of-narrow-gains-fat-losses/
