Havens? What havens?
If you emerge from this year mostly unscathed, count your blessings, because unless things change in a hurry, 2018 is about to make a dubious mark on history.
This chart pretty much tells the story:
As that illustration shows, 90% of the 70 asset classes tracked by Deutsche Bank and cited in the Wall Street Journal are on track to post negative returns for the year. The previous high was in 1920, when 84% of 37 asset classes were negative.
For some perspective, only 1% of asset classes delivered negative returns during last year’s ferocious bull market.
What a difference a year makes.
Drilling down into the anomalies, stocks and bonds could both finish the year lower for the first time in at least a quarter-century, according to BlackRock
BLK, +2.97%
And while Treasurys
TMUBMUSD10Y, +0.93%
and gold
GCZ8, -0.02%
typica havens, did manage to rally in the face of October’s equity drop, both are still down for the year.
Not much relief for investors overseas, either, with major indexes in Europe
SXXP, +1.23%
China
SHCOMP, -0.14%
and South Korea
SEU, +1.24%
all off 10% or more from their recent highs.
Crude
CLF9, +2.34%
is also getting hit, as is bitcoin
BTCUSD, -10.61%
There is still more than a month to go for things to turn around, and Monday’s upbeat session looks to be a step in the right direction for bulls as the Dow Jones Industrial Average
DJIA, +1.41%
and the S&P 500
SPX, +1.55%
were both up more than 1% at last check.
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Source : MTV
