Weekly Snippet

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September 19, 2019
Weekly Snippet

Last Week…

…was the third successive week advance for US equities!

  • Small Caps outdid Mid Caps, which , far exceeded Large Caps.
  • Value stocks were awesomely favored over Growth!
  • Large Growth eked out just a 0.20% gain while Small Value (this year’s US laggard to date) bolted 5.2% to a YTD 15.5%!

This pattern emerged as markets began to recover from the August downturn and has significantly closed the gap between Small and Large Caps as well as between Value and Growth.

  • Foreign Stocks mirrored US equities though with less gain yet holding a similar pattern between Growth and Value.
  • With the exception of High Yield which inched ahead 0.2%, Fixed Income put in its worst showing so far this year.
  • All others were off from a half a point to nearly 2.0%.

This downshift was due mainly to the 10-year Treasury Yield closing Friday at 1.90%, up in a burst from 1.56% from the week prior. And there are now hopes of a trade deal opening as well as central banks moving to stimulate growth.  There goes that scary inverted yield curve!

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.