Research type: Partner Voice
After a strong first half of 2018, the market cooled off along with the weather in August, and we had one of the worst fourth quarters in recent memory.
The gold price weakness caused gold stocks to fall in August as the NYSE Arca Gold Miners Index (GDMNTR)2 and the MVIS Global Junior Gold Miners Index (MVGDXJTR)3 both declined 12.5%.
The S&P 500 is a renowned benchmark for large-cap U.S. equities and is widely referenced as the gauge of U.S. equity performance. But what is the relevance of the U.S. market and the S&P 500 internationally?
Both the S&P 500 Dividend Aristocrats and the S&P 500/MarketAxess Investment Grade Corporate Bond Index were designed to measure the performance of blue-chip, high-quality companies of the S&P 500.
As of August 14, the S&P 500 is up almost 6% year-to-date with the tech-heavy NASDAQ up almost 14%. And the NYSE FANG Index is still up 27% on the year.
Over the last two months, the market has been tailor-made for trading. 2018 has seen volatility in the market come back with a vengeance.
The first quarter has offered a welcome return to some sort of normality after the volatility-free markets, which have risen in a straight line for the last few years.
Emerging market (EM) countries have come a long way over the last 20 years in terms of their macroeconomic stability and policy management.