Commodities Outperform Amid April Losses

By Daniel M.

May 1, 2024   •   Fact checked by Dumb Little Man

April witnessed a retreat across major asset classes, marking the worst month for global markets in 2024, as per a set of ETFs. Emerging markets stocks (VWO), commodities (GSG),and a cash proxy (SHV) stood as upside outliers amidst a sea of losses.


US real estate investment trusts (VNQ) suffered the deepest loss, plummeting 7.9% — the steepest setback in nearly two years. US stocks (VTI) also fell, marking the first monthly decline in 2024, while US bonds (BND) declined 2.4%.

Year-to-date, most major asset classes are in the red, except commodities (GSG), which are up 11.0%. US stocks (VTI) follow with a 5.2% gain.


April marked the end of the winning streak for the Global Market Index (GMI), dropping 3.7%. Year to date, GMI holds a modest 2.4% advance, while its one-year performance remains strong at 13.4%. US stocks (VTI) continue to outperform, with a return exceeding 22% over the past year, while US bonds (BND) remain in negative territory, falling 1.4% compared to the previous year.

Daniel M.

Daniel Moore is a seasoned trading analyst with over 20 years of experience navigating the ever-evolving financial landscape. Renowned for his unconventional yet effective approach, Daniel utilizes a blend of technical and fundamental analysis to identify hidden gems and craft winning trade strategies. He is a master at demystifying complex market data and translating it into actionable insights for traders of all experience levels.

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