The Returns of Every Asset Class So Far in 2014 - Visual Capitalist
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The Returns of Every Asset Class So Far in 2014

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The Returns of Every Asset Class So Far in 2014

The Returns of Every Asset Class So Far in 2014

This all encompassing chart, straight from Deutsche Bank, summarizes the YTD returns up to this week with all major asset classes including stocks, government and corporate bonds, currency markets, gold, and commodities.

From our perspective, there are a few things worth noting.

Firstly, despite the bearish undertones of the market from those investing in precious metals, gold is actually flat on the year. The current sentiment is not really warranted based on actual performance, so this could be an overshoot of negativity that doesn’t reflect market realities. In other words, this could be yet another sign of the bottom.

Next, the chart really shows some of the stories of the year. The USD strength rings loud and clear with all foreign currencies and commodities uniformly dropping. However, nothing has dropped as much as the Russian ruble which is the worst performing asset class of the year.

Russian ruble chart

The strength of the ruble is highly correlated to the price of Brent oil, which is the other poorest performer YTD (-28%). This will continue to be a problem for Putin’s Russia as the breakeven price for Russia’s national budget depends on $102/bbl Brent. With today’s added oil plunge as OPEC producers meet, this will not be remedied anytime soon.

The last note is that the chart also shows returns since the S&P 500 pullback that occurred in September. While most assets are down or flat since that event, the notable exceptions are Indian and Chinese equities, along with industrial metals.

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Agriculture

Charted: U.S. Egg Prices More Than Double in 2022

This chart shows the increase in the national average price of a dozen Grade A eggs in the U.S. in 2022.

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This chart shows the increase in the national average price of a dozen grade-A eggs in the U.S. in 2022.

Charted: U.S. Egg Prices Double in 2022

Eggs are a staple food for many countries around the world, and the U.S. is no exception. Americans eat between 250‒280 eggs a year on average.

Eggs are also easy to cook, protein-dense and supply many daily vitamins needed for healthy living, making them a popular meal or ingredient. So when egg prices rise, people notice.

MetalytIQ charted the rapid rise of egg prices in the U.S. during 2022, using data from the U.S. Bureau of Labor and Statistics (BLS).

Eggs-asperating Prices

Over the course of 12 months, the national average price for a dozen large Grade A eggs more than doubled, to $4.25 in December from $1.93 in January.

Egg Prices Per Month (2022)Price per dozen
January$1.30
February$2.10
March$2.50
April$2.52
May$2.86
June$2.71
July$2.94
August$3.12
September$2.90
October$3.42
November$3.59
December$4.25

The biggest culprit has been an avian flu outbreak that resulted in 43 million chickens culled to prevent the spread of the disease.

This led to a severe shortfall in egg supply. Egg inventories in December had fallen by one-third compared to January. Combined with increasing demand during the holiday season, prices skyrocketed and empty shelves became apparent in some states.

This is not the first time avian flu has disrupted the industry.. In 2015, a similar outbreak pushed egg prices up 40% in nine months, reaching a high of $2.97 per dozen eggs in September 2015.

Will Egg Prices Drop in 2023?

Avian flu isn’t the only storm the egg industry has been facing in 2022.

The prices of soybean and corn—the main components of bird feed—account for half of the cost of eggs. They’ve been heavily affected by the war in Ukraine, which has driven grain prices higher.

In the near-term, egg prices are expected to remain high. Containing the avian flu outbreak will remain the biggest factor in determining the prices, but as suppliers increase production, prices may cool off a little in 2023.

Eggs and dairy make up nearly 10% of the average person’s daily calorie intake. Check out the rest of our dietary make-up in Visualizing a Rapidly Changing Global Diet.
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