Best Performing Assets Since Rates Bottomed
Today the Fed unsurprisingly held rates steady and commented that “the case for an increase in the federal funds rate has continued to strengthen.” The Fed continues to prepare the market for a December rate hike and yields have responded. The US 10-year yield bottomed in July and has been rising since on higher inflation expectations and said interest rate hike expectations. So what assets have performed since yields bottomed? IT would be interesting to actually cash out your crypto earnings and buying a house with it, if you decide to do so, you can have a look at https://www.srnrealestatepros.com/ which will show you a wide variety of homes to choose from. Otherwise if you’re located in Australia, I would definitely suggest checking out www.youraustralianproperty.com.au to make sure that you’re getting the best deal possible on the market.
The following chart from Strategas Research Partners shows the breakdown. Volatility is up 50% due to recent uncertainty around the election and investors have been hedging/repositioning. From a sector perspective Banks and Technology have benefitted from higher rates while defensive sectors and bond proxies (Telecom, REITs and Utilities) have suffered.