Last week…was a complete reversal from last week’s report.
Instead of all asset classes being up, everything (except US TIPS) was down. The volatility could have something to do with the jobs report. It was better than expected. Wait! Shouldn’t that bit of good news create an upswing? You would think, however, maybe the news is “too good”. What if that means more money into the economy fueling inflation? Just a bit of tongue in cheek humor. In reality this seems to be how the market is taking it.
US Equities did not take a hard it, they were up previously much more than they were down last week. It is also worth noting that two of our US Equities – Large Value and Health Care have crept into a positive 1-year trailing return.
US REITS and Global REITS were down. Even Commodities were down a tiny bit from last week.
What can we say about the rest? Just that everything slipped a bit.
US TIPS was the only asset class up from last week 0.1%
Have a great weekend!
All performance reported in the graph and performance references are from the following index list: DJ Industrial Average TR USD, S&P 500 TR, DJ US TSM Large Cap Growth TR USD, NASDAQ 100, Technology NTTR TR USD, DJ US Health Care TR USD, DJ US TSM Large Cap Value TR USD, DJ US TSM Mid Cap Growth TR USD, DJ US TSM Mid Cap Value TR USD, DJ US TSM Small Cap Growth TR USD, DJ US TSM Small Cap Value TR USD, FTSE NAREIT All Equity REITs TR, DJ Gbl Ex US Select REIT TR USD, Bloomberg Commodity TR USD, MSCI EAFE NR USD, MSCI EAFE Growth NR USD, MSCI EAFE Value NR USD, MSCI EAFE Small Cap NR USD, MSCI EM NR USD, BBgBarc US Corporate High Yield TR USD, FTSE WGBI NonUSD USD, JPM EMBI Plus TR USD, BBgBarc US Govt 1-3 Yr TR USD, ICE BoafAML 1-3Y US Corp TR USD, BBgBarc Intermediate Treasury TR USD, BBgBarc Interm Corp TR, BBgBarc US Treasury US TIPS TR USD. This material has been prepared solely for informational purposes based upon data generally available to the public from sources believed to be reliable. All performance reporting is for indexes, not specific securities. Performance of specific securities will vary from indexes. Past performance is not an assurance of future results. Indexes cited are provided to illustrate market trends for certain asset classes. It is not possible to invest directly in an index. Indexes do not reflect individual investor costs of trading, expense ratios & advisory or other fees