July: The Month That Was
- Posted by JC Parets
- on August 1st, 2013
The first month of the 3rd quarter and 2nd half of the year is now in the books. So what happened?
Well, the S&P500 rallied over 5%, Treasury Bonds lost some more ground with the long end down 2.5%, commodities did well with Gold up 7.4% and Crude Oil up 9.3%, but emerging markets lagged once again up just 1.3% for the month. Here in the United States, defense led the way once again as the did in the first quarter.
Here is a chart of the S&P Sectors relative to the S&P500. Look how well healthcare did this month, with Utilities right behind them and Technology lagging the group:
Looking around the globe, it was Europe who led the way this month up 7.8%. Canada finally bounced back nicely with commodities doing well in July. Out in the Pacific, pretty much everything outside of Japan bounced back nicely. And Latin America once again had a down month:
So what’s in store for August? What sectors are going to lead the way? Which ones will struggle? Which asset classes will money flow into as we finish up the summer and get ready for the big leagues in Septemeber?
These are the questions that I think about constantly. What are you guys thinking about?
Full Disclosure: Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities, please see my Terms & Conditions page for a full disclaimer.blog comments powered by Disqus
J.C. Parets is the Founder & President of Eagle Bay Capital, LLC. He earned the Chartered Market Technician designation (CMT) and is a member of the Market Technicians Association. More
- Gold Miners Are Consolidating Nicely
- Paging Doctor Copper
- Register Here To Access My Favorite Charts
- Technical Analysis and Shopping Malls
- MoneyShow Video: Technical Analysis Myths
- We Started From the Bottom Now We’re Here
- IB Times: Stocks & Commodities in 2014
- It’s Time To Own Coal Stocks
- Not All Emerging Markets Are Created Equal
- How Are Assets Performing in 2014?
Archive by Year