Chart of the Month: Percentage Change From 52-Week High
Source: Bloomberg and Marketwatch, Data as of 09.10.2018
As the S&P 500 Index soared to an all-time high in August amid further gains in the economy and booming corporate profits, a quick snapshot of other asset classes reveals significantly diverging performance over the past 52 weeks. Emerging markets currencies and stocks have been the hardest hit, with many markets falling into bear territory, as the Federal Reserve continues to hike interest rates and reduce the assets on its balance sheet. For now, U.S. stocks have been immune to the emerging markets rout, but fears of contagion are starting to spread across the foreign developed markets and commodities. Is the recent turmoil another buying opportunity or is a larger storm brewing?
Note: This feature is to provide general information only, does not constitute legal advice, and cannot be used or substituted for legal or tax advice. Opinions expressed are those of the author, and do not necessarily represent the opinions of Cammack Retirement Group.
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