Lumber Outperformed Nasdaq (NDX), S&P 500 (SPX) and Dow Jones (DJIA) to Become the Asset with the Highest Return

Lumber suddenly became the asset with the highest return despite Nasdaq's rampant rally.

Image Source: Twitter @leadlagreport

The Nasdaq #NDX is the most profitable “asset” this summer, is that right? No! Lumber outperformed all major stock indexes, the Nasdaq, S&P 500 and Dow Jones, with a return of 18.44%, according to Michael A. Gayed.

Despite the rapid growth of stock indices on the American market, it turns out that over the past two months, they were not the most profitable ones. Lumber ETF became the asset with the highest return in the last two months. Its return was over 18%, while the Nasdaq managed to reach "only" 12.5%, despite the rapid rallies from Apple, Tesla and another big tech.

#Chart #Nasdaq #Stocks #S&P500 #Dow Jones ##SPX

Sergey Diakov E-mail

Sergey is a Bachelor of Economics and Master of Foreign Trade, so he understands macroeconomics and how it affects markets. He is fond of the stock markets, especially the US, as the most developed.