Last week…was another drab week for most equities.
All US Equities were down. Large companies took a bigger hit than Mid and Small. There wasn’t an identifiable pattern between the impact on growth companies vs. values or market cap size. Meaning, everything was down and it was all over the place.
US REITS were down. It seems the housing market is finally cooling off and the evidence can be seen in your neighborhood. Certainly, we are noticing houses remaining on the market a little bit longer than they were just two months ago. Rising interest rates take at least partial credit for this.
Commodities were up along with Emerging Markets.
Foreign equities were also down but not nearly to the extent of US Equities.
Bonds barely budged in either direction, but we did see two up from last week – US TIPS and Emerging Market Bonds. Hey, we’ll take the positives where can!
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