Although stocks and exchange traded funds (ETFs) closed lower at the end of the year, December managed to send things out on a high note.
The Dow Jones Industrial Average gained 2.9% this month. The S&P 500 added 4.3%, while the NASDAQ rose 4.1%.
Just about anything commodity-related was hot in December. Some of the top-performing funds include iPath DJ AIG Coffee (JO), up 17.9%; iPath DJ AIG Cotton (BAL), up 17.3%; iPath DJ AIG Softs (JJS), up 15.5%; Global X Copper Miners (NYSEArca: COPX), up 14.5%; SPDR KBW Regional Banking (NYSEArca: KRE), up 14.1%; and SPDR KBW Bank (NYSEArca: KBE), up 14%.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.