Equities finished the year exuberantly. The S&P’s 500 rose 3.02% while the US Small Cap index progressed 2.88% and the Nasdaq Composite 3.63%.
Internationally, the USD declined and made it possible for most indices to rise, sometimes spectacularly. The EPAC BMI (developed economies) rose 3.47%.
In emerging markets the MSCI EM raced upward 7.46% while the Frontier 100 Index rose a solid 3.15%.
Equities rose once again in November with US equities, in particular, climbing between 3% and 4% overall. The S&P’s 500 gained 3.63% while the US Small Cap index progressed 4.12% and the Nasdaq Composite 4.64%.
Internationally, the rising USD made it harder for indices to move up as spectacularly. The S&P EPAC BMI (developed economies index) rose only 1.03%. In Emerging markets performance was more contrasted, with the MSCI EM dropping -.14% while the Frontier 100 Index rose a robust 2.77%.
After a difficult start, the month of October turned out to be positive for equities around the world. The S&P’s 500 gained 2.17%. The US Small Cap index rose a bit more with the Russell 2000 progressing 2.63%. Internationally, developed equities did well as the US dollar lost value against major currencies. As a consequence, international markets performed generally better than US markets.
The S&P EPAC BMI (developed economies index) rose 3.76%. Emerging markets equities were up too with the MSCI EM rising a solid 4.22% while the Frontier Index inched up .71%.
September was a positive month for equities around the world. A lessening of trade tensions between the US and China helped. So did the absolute spanking that Boris Johnson received from the UK parliament, thereby reducing the odds of a hard Brexit. That helped European equities outperform their US counterparts.
The S&P’s 500 gained 1.87% in September. The US Small Cap index rose a bit more with the Russell 2000 progressing 2.08%. Internationally, developed equities did well.
In August, the escalation of hostilities between the US and China on trade matters contributed to a sometimes severe negative performance for equity markets around the globe. The S&Ps’ 500 lost 1.58% while the US Small Cap index dropped 4.94%. Internationally, equities declined generally more abruptly. The S&P EPAC BMI (developed markets) shrunk 2.93% during August while emerging markets sunk by 4.88% (MSCI EM).
July saw US equity indices generate positive returns, once again. The S&P’s 500 rose by 1.44%. The Nasdaq Composite added 2.15% and the Russell 2000 (US Small Caps) .58%. Internationally, equities declined overall. This was mostly the result of Brexit-related fears in Europe and a rising USD.
The S&P EPAC BMI (developed markets) declined 1.49% during the month of July while emerging markets shrunk by 1.22% (MSCI EM).
In June, The Federal Reserve Bank (FED) came to the rescue of equity markets once again and propelled them to new highs. The S&P’s 500 rose by 7.05%. The Nasdaq Composite added 7.51% and the Russell 2000 (US Small Caps) 6.87%. It was more of the same with international markets. The S&P EPAC BMI (developed markets) rose 5.57%, emerging markets were up 6.24% (MSCI EM) and frontier markets a lesser 3.90%.
A violent and unexpected setback in the trade negotiations between the US and China sent equities sharply down across the globe in May. The S&P’s 500 dropped 6.35%. The Nasdaq Composite swooned 7.79% while the Russell 2000 (US Small Caps) slumped 7.78%.
April was another good month for equity investors! It seems as if the end of 2018 just a bad and now distant dream. The S&P’s 500 rose 4.05% in March. The Nasdaq Composite added 4.77% while the Russell 2000 (US Small Caps) ros 3.81%.
The back and forth between bulls and bears during the month of March saw the bulls finally overcoming their foes in the last third of the month.
The S&P’s 500 rose 1.94% in March. The Nasdaq Composite added 2.70% while the Russell 2000 (US Small Caps) surprisingly declined -2.09%.
February was another “risk-on” month. Investors poured money back into stocks after many had missed, or partially missed, the spectacular market rebound in January. The S&P’s 500 rose 3.21%. The Nasdaq Composite added 3.60% while the Russell 2000 (US Small Caps) rose 5.20%.
After four months of violent market movements, any investor could be easily excused for feeling a little lightheaded. Keeping one’s composure has been essential in order to avoid making serious portfolio-damaging mistakes. The unusual and large recent market ups and downs have had the potential to destroy otherwise well-balanced portfolios. Not moving, or not moving much and with clear purpose, was key.
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