As the world markets fell 4% last week, here are a few points that we find relevant this morning:
- We are thankful that the US is only down 3.4% year-to-date compared to the rest of the world (ACWI x US) down more than 16% so far this year.
- The US remains the only major world region that's currently holding on to a positive return over the past one year.
- Five of the ten US Sectors are currently up for the year, with Utilities (9.7%), Consumer Staples (5.3%) and Healthcare (4.0%) leading the way.
- Of the 70 countries that we track, only 4 (Trinidad & Tobago, Jamaica, Qatar and Indonesia) are up year-to-date and only 5 (Jamaica, Trinidad & Tobago, Qatar, Pakistan and the US) are up over the past one year.
Keith Hays & Justin Wood
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