Weekly Snippet

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May 17, 2019
Weekly Snippet

Last Week…

…  was a bore, right?

The media was having a field day.  A particular headline that caught our attention stated “Biggest Downturn this Year”.  Well, duh!  The market has had a great year with exceptionally outsized growth.  Oh yes, this is the biggest downturn this year, but with so little volatility YTD, this statement doesn’t mean much except to fuel false fears.

What does that mean for the 24-pack of asset classes?  As expected, all equity classes went down while most (but not all) fixed income classes went up. Typical response when fear is rampant.

In the U.S. everything fell from about 1.5%-4.5%.  Value fell less than Growth across the board. Technology, which has been our star performer this year, fell the most; while Health Care, which has the lowest YTD return, fell the least.

U.S. REITS took a smaller hit, less than 1% and Global REITS only fell 0.17%.

Foreign Equities were down about the same as U.S. Equities.  The largest loss across the board was Emerging Markets, taking a hit with the trade war tensions. China is such a large factor in Emerging Markets.

Bonds, with the exception of U.S. High Yield and Emerging Market Bonds, were up, if only a little.

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.