Sunday, October 05, 2014

A Poor End to a Bad Month


With the month of September and the third quarter now in the books, below is a look at the performance of various asset classes using key ETFs traded on US exchanges.  It was a rough month for stocks, especially for smallcaps.  The Russell 2,000 (IWM) finished the month down 6.19% and the quarter down 7.96%.  
Six sectors finished the quarter lower, while four traded higher.  Health Care and Technology were the winners of Q3, while Energy was the big loser.
Foreign markets didn't fare well in September either.  The Brazil ETF (EWZ) was by far the worst with a decline of 19.09% for the month.  Australia (EWA) fell the second most at -11.86%.
Commodities and fixed income fell as well in September.  For the quarter, commodities took it on the chin, with declines of more than 10%.  
About the only thing that did well in September was the US dollar index.

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Lunch is for wimps

Lunch is for wimps
It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another.