After last week's strong market actions, here are a few of the things that we've taken note of:
- Last week, the US was up 6% and International Markets (ACWI x US) were up 5%. However, year-to-date, the US is down 2.6%, while International Markets are down 13.8%.
- Germany and Italy were up over 8% last week as they led the G7 Countries.
- All of the BRIC countries were up over 5% last week, with Russia leading the way up 10.4%.
- Despite last week's strong performance of stock markets across the globe, most countries are still down in the teens or more year-to-date.
- Energy was up 8.8% last week to lead all US Sectors.
- Five US Sectors are now positive for the year: Utilities (8.2%), Consumer Staples (4.9%), Healthcare (4.3%), Technology (4.3%), and Consumer Discretion (3.4%).
- Financials and Basic Materials continue to be the worst performing US Sectors year-to-date, as they are currently down 20.9% and 12.1%, respectively.
Keith Hays & Justin Wood
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