The US ended last week up 0.7%, while the World x US was down 1.5%. After last week's performance, the US is up 15.1% for the year, while the World x US is up only 1.4% - quite a difference between these markets this year, which you can see in the chart below.
All of the BRICs are in negative territory for 2013, while Brazil and Russia are in deep negative territory down more than 11%. Emerging Markets as a whole were down 2.8% last week and are now down 7.1% for the year.
Here in the US, Financials, Healthcare & Consumer Discretion continue to lead the sectors, while Basic Materials, Utilities & Telecom continue to lag for the year. Looking at the style boxes, Value stocks are currently leading the pack in 2013.
Keith Hays & Justin Wood
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