Very little has been working recently. The chart above shows the performance of large U.S. stocks (SPY), small U.S. stocks (IWM), REITS (ICF), large foreign stocks (EFA), emerging markets (EEM), and treasuries (TLT). Only treasuries are up over the last three months.
Alternate asset classes have done even worse over the last three months. The chart above shows the performance of commodities (DBC), currencies (DBV), gold (GLD), silver (SLV), and S&P covered call funds (BEP).
Where will it become painful enough to support another violent pop up?
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