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Investing Specialists

Consumers Branch Out in November

A lot of retail categories did unusually well last month, while housing-related categories took a breather.

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It was terrible week for commodities and world equity markets, with no place to hide. Well, except U.S. government bonds, which registered one of their best gains of the year as investors sought safety in U.S. Treasuries.

Even in the face of a potential Fed rate increase next week, the interest rate on the 10-year Treasury moved down from 2.28% last Friday to 2.14%. On Friday alone, the 10-year bond had its best day since July, increasing nearly 1%. The 30-year Treasury did even better, increasing almost 2%. Commodities and world equity markets were down 4%-5% for the week. The selling was mostly nonstop all week, with four of five days down in the U.S. after a week of daily volatility in both directions but little net change.

Robert Johnson, CFA does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.