Global Markets Update: July 1, 2013

We are halfway through the year, and really only two of the world's five main asset classes have made any money - US Stocks & Real Estate.  Real Estate was even almost negative a few weeks ago.

The World was down 1.2% for Q2, but it's up 4.7% year-to-date.  The US was up 2.2% for the quarter and is up 12.5% this year.  On the other hand, the World x US was down 4.2% for Q2 and is now down 1.7% in 2013.

Here in the US, Healthcare, Consumer Discretion & Financials lead all US sectors for the quarter and the year.  Also, Small Caps are winning the style box return race halfway through 2013.

Keith Hays & Justin Wood

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