Monthly Market Data - January 2025

All positive in January

Asset Class Returns

Major Asset Class Returns for the 1 Month Ending January 31, 2025

• All major asset classes were positive in the first month of 2025.

• International Developed equities had the best performance. Commodities had a strong month with a 3.45% return.

• Fixed Income was slightly positive as interest rates were little changed during the month (see below).

  
  

The table below depicts the same information as above and shows which representative security is used for each asset class.

Source: Jackson Creek Investment Advisors; S&P Global

Major Asset Class Returns for the Twelve Months Ending January 31, 2025

• Domestic equities dominate the trailing twelve month returns. U.S. Large Cap (+25.4%), U.S. Mid Cap (+20.8%), and U.S. Small Cap (+18.1%) are the top three asset classes over the past year

• Fixed Income was slightly negative over the twelve month timespan.

• Commodities returned over 7% and Real Estate has a 12.5% trailing twelve month return.

1 Month U.S. Index Returns with Growth & Value Styles

• U.S. Mid Cap stocks outperformed Large and Small within the Core styles.

• Growth outperformed Value along the Small and Mid Cap spectrum. Value outperformed Growth among Large Cap stocks.

• The Russell 1000 Growth index had the lowest return at 2.0%, but that was just below the Russell 2000 Value, which had a 2.1% return.

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Interest Rates

• The yield curve remained relatively unchanged from the end of December. The curve is very different from one year ago.

• Yields declined by over one percentage point at the short end of the spectrum compared to last year.

• The 10YR yield rose to 4.58% at the end of January, up from 3.99% in January 2024.

• The 2Y/10Y spread expanded by three basis points (0.03%) due to the 2YR declining by that much from the end of December.

• The 2Y/10Y spread is now 0.36% compared to -0.28% a year ago.

Disclaimer - this is not to be construed as investment advice or a recommendation to buy or sell any security. This is not meant to be indicative of any specific portfolio returns. Please see full disclosure on main blog page.