These 28 charts covering 46 key asset categories give a year-to-date and a 3-month view of relative dividend adjusted price performance for those categories, in each case compared to the S&P 500 as the benchmark.
Summary observations:
- the S&P 500 is not at correction level (down about 2.4% from high)
- emerging markets are correction territory
- China and Brazil in specific are in correction
- developed non-US markets are approaching correction territory
- Japan is in correction after a recent rapid rise
- frontier markets are doing as well as the S&P 500
- US dividend stocks are performing similarly to the S&P 500
- healthcare, cyclicals and financials are the strongest sectors
- utilities are the weakest sector, but not quite yet in correction territory
- equity REITs have entered correction territory
- lumber and copper are in correction
- gold and silver are in correction
- bonds are down by amounts similar to their annual yield
- floating rate bank loans are outperforming fixed rate high yield bonds
The US equity market overall continues to be doing best.
