Year-to-Date, the S&P 500 has just dropped back below Gold...Gold's performance year-to-date just surpassed that of the S&P 500 once again. If this remains the case into year-end, this will be the third year in a row that Gold has outperformed stocks. Looking forward, which 'asset' would you choose - Stocks with an implied volatility of 17% or Gold at 15.75% to the end of the year? Sharpe Ratio anyone? Perhaps asking your 'asset allocator' what his weighting is based on will be a worthwhile conversation - with the outperforming returns (past is not a predictor of the future - and noone knows) but lower forward risk expectations?
YTD performance across asset classes...
Or more easily visualized... the S&P 500's performance relative to Gold YTD...
and traders see more volatility in Stocks than Gold going forward...
Charts: Bloomberg
Gold And Silver Lead Everything Week-, Month-, Quarter-, & Year-To-Date
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For Third Year In A Row, Gold Outperfoming Stocks & Traders See More Volatility In Stocks Than Gold Going Forward
