Last week…equities all gave back some gains from the week before!
Repeating a familiar pattern, Growth gave up from twice to three times as much as Value in US Stocks. US Large Stocks were mixed in that Growth (and Technology) gave back little more than a third of the week before surge while Value gained much less to give back and did so.
All US Value remains in far better shape than Growth from Large to Small caps.
Both US REITS and Foreign REITS were down.
Commodities have now slipped to half the benchmark’s earlier peak of 30+% – good for our gas tanks if it continues.
While Foreign equities continue to look a lot like US stocks with Value far ahead, Foreign Growth has been closing the gap a bit and Emerging Markets took a 3.0% hit.
Bonds were mixed but, all US fixed income edged ahead with Foreign and Emerging Market Bonds eroding further. US Treasury TIPS moved up the most, nearly 1.0%
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