With the presidential election behind us the equity markets have seen new highs and gold have fallen back a little. The treasury rates are still at low levels but have been edging up as of late.

The Worldvolatility have been drifting up during 2020 and that is mainly due to a lower diversification effect in the capital markets than the historical norm. The Worldvolatility portfolio (Treasuries, Gold, Equity) is more volatile than what the individual assets would tell you. (asset volatilities: 10 year- Treasury bond: 6,5%, Gold: 16,5%, NASDAQ Composite: 25,2%)