US stocks were up 1.6% last week during the shortened holiday trading week, while stocks outside the US (MSCI ACWI x US) were basically flat, down just 0.2%. In the chart below, you can see the lead that US stocks have over the other major asset classes so far this year.
The BRICs remain in negative territory for the year. Three of the countries in the group are now down over 14% in 2013, including Brazil which is down almost 25% this year.
Consumer Discretion jumped ahead of Healthcare last week, as the sector rose 2.4%, placing it in the leading position for the US sectors, up 21.8% year-to-date.
Keith Hays & Justin Wood
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