{"id":6190,"date":"2018-04-06T09:38:44","date_gmt":"2018-04-06T14:38:44","guid":{"rendered":"http:\/\/schenkelberg.investments\/?p=6190"},"modified":"2018-04-06T09:38:44","modified_gmt":"2018-04-06T14:38:44","slug":"performance-update-first-qaurter-2018","status":"publish","type":"post","link":"https:\/\/schenkelberg.investments\/?p=6190","title":{"rendered":"Performance Update First Qaurter 2018"},"content":{"rendered":"

U.S. Versus International<\/strong><\/p>\n

The S&P 500, an index of large U.S. companies, posted a total return of -0.8% for the 13 weeks ending March 31, 2018. U.S. stocks outperformed international for the quarter as measured by the All Country World Index ex-U.S. stocks, a representation of international stocks outside the U.S. Total return for the 13 weeks ending March 31, 2018, was -2.0%.<\/p>\n

A change in leadership at the Federal Reserve Bank increased fears of an accelerated pace of interest rate increases in the U.S. This uncertainty drove investors to international stocks, which outperformed U.S. stocks from January first through March 9th. On March 9th, however, Donald Trump signed orders to impose tariffs on imports of steel and aluminum, prompting a sharp drop in international shares versus U.S.<\/p>\n

Latin America and Malaysian shares led international markets, up 7.2% and 4.7% respectively. Brazil\u2019s economy, Latin America\u2019s largest exposure, increased 2.1% in the fourth quarter, driving an annual expansion of 1.0% for 2017, which marked the first year of positive growth, following two years of retraction.<\/p>\n

U.S. Sectors<\/strong><\/p>\n

Top performing U.S. sectors for 13 weeks ending March 31, 2018, by total return included Technology (+3.7%), Consumer Cyclical (+3.4%) and Financial Services (+0.4%). Laggards for the 13 weeks include Real Estate (-6.2%), Communications (-6.6%) and Consumer Defensives (-6.2%). The \u201crisk-on\u201d trade, characterized by growth-oriented investments versus defensive sectors, was strong again for the full first quarter as confidence of U.S. economic recovery remained strong.<\/p>\n

Technology and Consumer Cyclical shares, led by Amazon, continued to roar into 2018. In March, however, a sharp turnaround ensued as Facebook and Amazon came under pressure. The possibility of government regulations coupled with inflated valuations placed a cloud over the sector. U.S. technology stocks were the worst performing sector for March, down 3.6%. Financial Services, another leader for the past year, was close behind technology in March (down 3.4%).<\/p>\n

Dividend-paying stocks with lower valuations led the way in March. U.S. Real Estate increased 4.0%, Utilities 4.0% and Energy 2.2%. Investors are grappling with where they want to place their money coming into the second quarter. Stocks with lower valuations are starting to get some traction.<\/p>\n","protected":false},"excerpt":{"rendered":"

U.S. Versus International The S&P 500, an index of large U.S. companies, posted a total return of -0.8% for the 13 weeks ending March 31, 2018. U.S. stocks outperformed international for the quarter as measured by the All Country World Index ex-U.S. stocks, a representation of international stocks outside the U.S. Total return for the […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[119,123],"tags":[],"class_list":["post-6190","post","type-post","status-publish","format-standard","hentry","category-market-commentary","category-market-performance"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p7kXxe-1BQ","jetpack-related-posts":[{"id":6182,"url":"https:\/\/schenkelberg.investments\/?p=6182","url_meta":{"origin":6190,"position":0},"title":"Market Performance Breakdown – Fourth Quarter 2017","author":"J.J. Schenkelberg, CFA","date":"January 9, 2018","format":false,"excerpt":"U.S. Versus International The S&P 500, an index of large U.S. companies, posted a total return of 21.8% for 2017 and 6.6% for the 13 weeks ending December 31, 2017. U.S. stocks lagged behind international for the quarter as measured by the All Country World Index ex-U.S. stocks, a representation\u2026","rel":"","context":"In "Market Commentary"","block_context":{"text":"Market Commentary","link":"https:\/\/schenkelberg.investments\/?cat=119"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6253,"url":"https:\/\/schenkelberg.investments\/?p=6253","url_meta":{"origin":6190,"position":1},"title":"Performance Update 4Q 2018","author":"J.J. Schenkelberg, CFA","date":"January 4, 2019","format":false,"excerpt":"U.S. Versus International The S&P 500, an index of large U.S. companies, posted a total return of -13.5% for the 13 weeks ending December 31, 2018, and -4.4% for the full year. 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U.S. stocks outperformed international for the quarter as measured by the All Country World Index ex-U.S. stocks, a representation of international stocks outside the\u2026","rel":"","context":"In "Market Commentary"","block_context":{"text":"Market Commentary","link":"https:\/\/schenkelberg.investments\/?cat=119"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6146,"url":"https:\/\/schenkelberg.investments\/?p=6146","url_meta":{"origin":6190,"position":4},"title":"2Q 2017 Market Performance Breakdown","author":"J.J. Schenkelberg, CFA","date":"July 8, 2017","format":false,"excerpt":"U.S. Versus International The S&P 500, an index of large U.S. companies, posted a total return of 3.1% for the 13 weeks ending June 30, 2017. U.S. stocks lagged behind International for the quarter as measured by the All Country World Index ex-U.S. stocks, a representation of international stocks outside\u2026","rel":"","context":"In "Market Commentary"","block_context":{"text":"Market Commentary","link":"https:\/\/schenkelberg.investments\/?cat=119"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6496,"url":"https:\/\/schenkelberg.investments\/?p=6496","url_meta":{"origin":6190,"position":5},"title":"Market Performance Update – 4Q 2019","author":"J.J. Schenkelberg, CFA","date":"January 14, 2020","format":false,"excerpt":"U.S. Versus International The S&P 500, an index of large U.S. companies, posted a total return of 10.7% for the Fourth Quarter of 2019, and 29.7 % for the full year. U.S. stocks outperformed international for the quarter as measured by the Morgan Stanley Composite Index EAFE, a representation of\u2026","rel":"","context":"In "Market Commentary"","block_context":{"text":"Market Commentary","link":"https:\/\/schenkelberg.investments\/?cat=119"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=\/wp\/v2\/posts\/6190","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6190"}],"version-history":[{"count":1,"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=\/wp\/v2\/posts\/6190\/revisions"}],"predecessor-version":[{"id":6191,"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=\/wp\/v2\/posts\/6190\/revisions\/6191"}],"wp:attachment":[{"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}