After last week's tumultuous actions across many makets, we have taken note of the following trends:
- While on the surface, last week looked like a boring week with the US market down 1.6%, that included four wild-swinging days of down 6.7%, up 4.7%, down 4.4% and up 4.6% for the S&P 500.
- Every G7 and BRIC country is now down year-to-date, and many of them are down over 10%. However, over the last one year, 6 of the G7, along with the leading BRIC, Russia, remain in positive territory.
- For US market caps, Large Caps have taken the lead position as one might expect in this downturn. Small Caps, which led the entire year before the downturn, are now in last down 8.4% for the year. That is natural in this type of market environment.
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Keith Hays & Justin Wood
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