After last week's strong move in the market, here are a few trends we've taken note of:
- Last week was very refreshing. The US was up 3.8%, International Markets were up 7.0%, and Emerging Markets were up 9.8%.
- The US is now positive for the year (up 2.2%), outperforming International Markets (down 8.0% year-to-date) by 10%.
- Brazil, Russia and China were all up over 10% last week. These markets can turn on a dime with power given the proper conditions.
- US Basic Materials and Financials were both up over 7% last week. Financials are still down over 12% and Basic Materials are down over 5% for the year. The fact that Utilities lead all US Sectors and are up over 11% this year should tell you something about the market that we are in at this time.
Keith Hays & Justin Wood
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