Leigh Lowman, CFA, Investment Manager
On this week’s podcast (recorded September 7, 2018), Leigh provides a brief review of August markets.
- Despite what historically is a difficult month for markets, US equities finished in strong positive territory and a new record was set for the longest bull market in history.
- The S&P 500 Index was up 3.3% for the month and has gained 9.9% year to date.
- Developed international equities as measured by the MSCI EAFE Index were down -1.9% for the month and -1.9% year to date.
- Emerging Markets Index was down -2.7% for the month and -6.9% year to date.
- The Bloomberg Barclays US Aggregate Index was up 0.6% for the month with all sectors posting positive returns.
- The 10-year Treasury yield declined 12 basis points, ending the month at 2.85%, and led to further flattening of the yield curve.
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