All Major Asset Classes Rose Last Week, Except REITs

The weakest one-year performer: US bonds. Vanguard Total US Bond Market (BND) is up by the smallest of margins, rising just 0.1% for the trailing one-year window.

GMI.F’s one-year return is currently a sizzling 37.1%, although the bounce-back effect from the pandemic effects in 2020 explains much of the current advance – a gain that will fade as one-year returns normalize in the months ahead.

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Disclosures: None.

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