Asset Class Scoreboard: July 2026

Jeff Malec 876 Followers Follow Summary July 2026 flipped the recent script for commodities, which jumped +12.03% for the month after two straight declines. Managed Futures were the standout mover behind them, gaining +3.77% in July — their strongest month since January. U.S. real estate added +2.78% in July, bringing its year-to-date figure to +12.80%, while U.S. stocks were essentially flat at +0.03%, holding at +10.14% for the year. Images By Tang Ming Tung/DigitalVision via Getty Images July 2026 flipped the recent script for commodities, which jumped +12.03 % for the month after two straight declines. That rebound pushed their year-to-date return to +38.95%, extending their lead atop the scoreboard. This article was written by Jeff Malec 876 Followers Follow Jeff Malec Managing Director & Partner has spent 25+ years in the futures industry, from his days as a clerk in the bond futures pits, to manager of multiple commodity-based hedge fund products, to host of RCM’s popular alternative investment podcast, the Derivative. Prior to RCM, Mr. Malec was the founder and CEO of Attain Capital Management, which merged with RCM after 13 years assisting clients with alternative investments. He is the great grandson of Harley Davidson founder Walter S. Davidson, and a former board member of the National Futures Association. He holds the Chartered Alternative Investment Association (CAIA) designation, and has authored hundreds of white papers covering alternative investments.