…investors seemed to take the flight to safety.
All US Equities were down from the previous week. There were no discernable patterns between either Large, Mid and Small Companies or Growth and Value Companies. Technology was down the least while Small Value Companies were down the most.
Interestingly, US REITS were up slightly, while Global REITS were down. Commodities took the biggest hit, down over 6% from the previous week, but remaining up over 27% YTD.
Foreign Equities were also down. Emerging Markets were up a little, trying to claw their way back into the black.
And as we mentioned, the movement in bonds showed a flight to safety. Most bonds were up from the previous week. Those that weren’t up were barely down. US High Yield was up over .5% with a YTD return of 3.76%. The biggest winner was Emerging Market Bonds up over 1.5%. In an interesting move with “scary inflation” on the rise, investors were more interested in Intermediate Term Bonds and not so much Short-Term Bonds or TIPS.
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