World equities were down a little more than 2% last week; however, they remain up almost 5% for the year, and the US remains up just over 9%.
The BRICs are all still negative for the year. Yet, while Russia took a hit last week, down 4.8%, India saw a nice rally, up 4.7%, bringing it out of deeper negative territory.
Healthcare, Consumer Staples & Utilities remain the leaders of the US sectors, all up over 15% for the year. Mid Cap Value also continues to lead the US style boxes, with Large Cap Value fairly close behind in second.
Keith Hays & Justin Wood
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