… saw the broadest momentum in US stocks in sometime!
US funds:
Growth stocks led the way, each with an increase of 2% to almost 4.5%
Value kept an almost even pace.
The catch-up was closest in Mid-Caps with only a 0.04% difference in the advance, while Small-Caps launched further ahead for both Growth and Value at 4.45% and 4.14% respectively. Since Technology and Large Growth did not keep pace, this is the first time we’ve seen Small-Caps out-stretch the Technology led rally.
Small Growth has stepped fully into the green grass of positive performance since the downturn.
In Foreign stocks the same pattern was witnessed!
Large Foreign Growth was up 2.38%
Large Foreign Value – 2.07%
Small Foreign 2.65%
Bonds did little but bubble around their YTD returns from the prior week.
We believe this bodes well for the market moving forward from this extra-ordinary, non-economic induced bear market and the current recovery.
Have a great weekend!
Indexes are listed in respective order to their reference above: 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. These materials have been prepared solely for informational purposes based upon data generally available to the public from sources believed to be reliable. All performance references are to benchmark indexes. Performance of specific funds will vary from respective benchmarks. Past performance is not an assurance of future results. Each index cited is provided to illustrate market trends for various asset classes. It is not possible to invest directly in an index. Neither do Indexes reflect individual investor costs, e.g. trading, expense ratios & potential advisory fees.
