posted on August 03, 2018 15:40
So far, 2018 has been a year of ups and downs. Financial markets started the year off at a blistering pace with the S&P 500 and global stocks (MSCI All Country World Index) up 5.7% and 5.4%, respectively, in the month of January. However, in February we experienced the largest market correction in two years as the S&P 500 dropped 10.1% from its market highs. Since then, markets have struggled to regain the momentum shown towards the end of 2016 and all of 2017 as fears of trade wars and tariffs hampered returns. U.S. small cap is the top asset class year-to-date, while managed futures and most value stocks are struggling in negative territory (see value stocks discussion). Despite markets not finding themselves far from where they started the year, there still remains optimism for the U.S. economy which is firing on all cylinders.
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