Blog Posts tagged "growth"

Income Report Card | October 2017

Author: Nathan Rowader
Date: October 11, 2017
Category: Asset Allocation, Financial Planning
Tags: , , , , , , , , , , , ,

Despite the potential for seasonal weakness in September, the MSCI All Country World Index ended the month of September with a gain of 1.93%, achieving an all-time high on September 20th. In contrast to the rest of the year, emerging markets were not the primary contributor to returns as the MSCI Emerging Markets Index declined by ‑0.40% while the MSCI Europe and MSCI Japan indices increased by 3.30% and 1.96%, respectively. Unlike prior months, these gains were not primarily attributed to increases in currency. The U.S. Dollar Index increased by 1.90% from its 2017 low, which was hit on September 8th. U.S. stocks broke out of their anemic trading range with the S&P 500 Index increasing by 2.06% and the Russell 2000 Index increasing by 6.24%. The renewed strength in small-cap stocks is a good sign for market health. Historically, in a healthy and broad bull market, riskier small-cap stocks have outperformed large-cap stocks. However, this year the Russell 2000 has increased by 10.45% while the S&P 500 has increased by 13.72%. This relative underperformance was obviously worse at the end of August. At any rate, the overall stock market appears to be poised for continued growth.


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