The S&P 500 increased 3.03% in August. A strong showing for the S&P following a 3.6% advance in July. Certainly this represents a prosperous start to the second half of 2018 as the S&P 500 touches new record highs. While domestic markets have been accelerating to the upside, foreign stocks have struggled. YTD Vanguard FTSE All-World ex-US Index Fund ETF Shares, VEU, declined -3.42% and have dropped in value 5 out of the first 8 months of 2018. Emerging markets, as represented by ETF EEM, reported a decline of -3.77% in August with YTD returns, as of the end of August, dropping -7.78%. Without further adieu let's review price, sentiment and valuation as we start September.
Wednesday, September 5, 2018
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