As the 3rd quarter comes to an end, the US continues with a sizable lead, up 16.1% for the year, while the World x US ("International Stocks" in the chart below) is up only 9.9%.
The African region is up 33% this year - twice as much as the US. Egypt is up 60.4% and Kenya is up 39.1%, lifting this small economic region.
Here in the US, Technology, Telecom, Consumer Discretion and Financials are bunched at the top of sector returns for the year, all up over 20%. Behind them, there are four sectors up in the teens, Energy is up in the single digits, and Utilities are flat for the year.
Keith Hays & Justin Wood
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