I love it when a new month starts on a Monday and that’s the just the beginning of the good news for November. The clocks go back this weekend and the weather gets worse but it’s a great month for risk assets.
- Best month for the Nasdaq
- Second-best month for the S&P 500
- Second-best month for the MSCI world index
- Second-best month for the German DAX
- Best month for the Nikkei 225
- Best month for USD/JPY
- Third-best month for the US dollar
- Worst month for WTI crude
- Worst month for CAD
There is something for gold bugs as well as the November through February period is a particularly strong time for gold, a pattern that’s worked for more than 15 years and I’ve touted in every one of those. Generally, the trade is to buy any mid-November dip and ride it but there’s no harm in being early.
In terms of stock markets, the FTSE 100 is a bit of a relative dog as it averages declines.
This article was written by Adam Button at investinglive.com.