The S&P 500 was down 6.94% and the All-World Ex-US index was down 8.21% for the month of October. Its scary out there – Happy (belated) Halloween!
…during the last 5 years of the bull market that ended in 2000, the S&P 500 suffered 7 pullbacks of 7.5% or more while climbing 147%
Major US markets finished September with positive returns with the S&P 500 index up 0.43%…
At last check, most markets around the world were down for the year, with only the USA and France showing gains.
In choppy trade so far this month, the S&P is up about 1% and is less than 1% from its all‐time high
achieved on January 26th, 2018. The 10‐year treasury yield has fallen 3.7% to 2.84%. The dollar is the
major story with the index hitting a high of 96.98 breaking out to a new 52‐week high and causing
commodities to apparently crash in price.
July is a wrap. The S&P 500 was up 3.60% and the Barclay’s Aggregate Bond Index was up 0.02%. The Nasdaq is where the fireworks happened with Facebook (FB) falling 11% for the month (after a drop of 25% on missed earnings) and Netflix (NFLX) falling 13%.
I begin with a happy birthday wish to my (not so) little sister, Taylor… Have a great one, I love you!
It has been busy around the Elevate offices (and the world) since our last post. Trade wars seem to be intensifying daily with the "Tweeter in Chief" firing from the hip.
US Markets are under a bit of pressure this morning (the first day of the new quarter) with World Cup matches between Brazil & Mexico (8am MTN) and Belgium & Japan (12noon MTN).