Market Selloff Finds A Scapegoat In Ukraine Unrest |
|
August 06, 2014 |
August 2014 Bond Updates
|
Equity markets took a bit of a breather last week with the S&P 500 giving back 2.66% of its market value. It wasn't such a big drop as far as weekly drops are concerned but many felt spooked because it mostly came on Thursday in the form of 317 Dow points. International markets outperformed US markets in dollar terms with the MSCI EAFA Index dropping 2.13%. Emerging Markets had a muted decline of 1.54% and are still the standout for 2014 with a year to date increase of 7.63%. Fixed Income markets didn't catch the bid from investors fleeing equities. The Barclays Aggregate Bond Index gave back .12% and the IShares Barclays 20+ Treasury Index ETF (TLT) dropped .85% on the week. Just like bonds, gold failed to rally on the stock market selloff. The SPDR Gold Trust ETF dropped -.27%.
|
|
View more at: http://www.forbes.com/sites/greatspeculations/2014/08/05/weekly-economic-market-commentary-with-herb-morgan-2/
|