US Stocks Led Gains In Last Week’s Risk-On Rally

Note, too, that all the major asset classes are posting one-year gains through last week’s close. The softest increase: investment-grade bonds in the US via Vanguard Total Bond Market (BND), which closed with a slim 0.9% total return vs. the year-ago price.

GMI.F is up 46.4% for the past year.

Monitoring funds through a drawdown lens shows that US stocks are posting the smallest drawdown for the major asset classes. Thanks to VTI’s rally to a record close last week, US equities are currently enjoying a zero peak-to-trough decline.

The deepest drawdown is still found in broadly defined commodities via GCC: the ETF, which equally weights a broad basket of commodities, is down 35.7% from its previous high.

GMI.F’s current drawdown is a fractional 0.1% slide from its previous peak.

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Disclosures: None.

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