{"id":6201,"date":"2018-07-06T12:00:48","date_gmt":"2018-07-06T17:00:48","guid":{"rendered":"http:\/\/schenkelberg.investments\/?p=6201"},"modified":"2018-07-06T12:00:48","modified_gmt":"2018-07-06T17:00:48","slug":"performancemance-update-second-quarter-2018","status":"publish","type":"post","link":"https:\/\/schenkelberg.investments\/?p=6201","title":{"rendered":"Performancemance Update Second Quarter 2018"},"content":{"rendered":"<p><strong>U.S. Versus International<\/strong><\/p>\n<p>The S&amp;P 500, an index of large U.S. companies, posted a total return of 3.4% for the 13 weeks ending June 29, 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 June 29, 2018, was -0.8%.<\/p>\n<p>Threats of a tariff war between China and the U.S. continued to wreak havoc on international versus U.S. investments. International investments experienced a double whammy as the perception of slower economic growth and falling currency values hit stocks. The dominance of the U.S. in tariff discussions drove a spike in the value of the U.S. dollar. The value of international investments originally purchased in U.S. dollars shrinks as the value of the dollar strengthens.<\/p>\n<p>Stocks listed on the FTSE (Financial Times Stock Exchange, or \u201cFootsie\u201d) London stock exchange outpaced other international indices, rising over 7% for the 13-weeks ending June 29, 2018. An economic boom from the Royal Wedding, the possibility the U.K. stays within the European Union and the perception that the U.K. could be relatively insulated from tariff action likely helped drive the index.<\/p>\n<p><strong>U.S. Sectors<\/strong><\/p>\n<p>Top performing U.S. sectors for 13 weeks ending June 29, 2018, by total return included Energy (+14.2%), U.S. Real Estate (+9.3%) and Consumer Cyclical (+8.2%). Laggards for the 13 weeks include Financial Services (-1.3%), Consumer Defensives (-1.3%) and Industrials (-1.3%). Investors tried to decipher which market sectors would be impacted the most by tariff actions. Industrials and Consumer Defensive earnings could be hit by tariff actions as well as higher energy prices going forward.<\/p>\n<p>Energy stocks rose significantly in the second quarter, driven by a sharp increase in oil prices and the positive impact of more efficient drilling and refining techniques by energy companies. The price of West Texas Intermediate Crude increased 18% in the second quarter while U.S. crude stockpiles shrank. The energy sector also offers income-oriented investors a dividend yield over 2.5% versus the S&amp;P 500 dividend yield less than 2.0%.<\/p>\n<p>The technology sector returned 6.3% as a whole for the 13-weeks ending June 29, 2018. Strong returns continued for the top technology stocks, with Netflix up 32.5%, Facebook up 21.6%, Amazon up 17.4%, Apple up 10.3% and Alphabet up 8.8%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. Versus International The S&amp;P 500, an index of large U.S. companies, posted a total return of 3.4% for the 13 weeks ending June 29, 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 [&hellip;]<\/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-6201","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-1C1","jetpack-related-posts":[{"id":6214,"url":"https:\/\/schenkelberg.investments\/?p=6214","url_meta":{"origin":6201,"position":0},"title":"Performance Update 3Q 2018","author":"J.J. Schenkelberg, CFA","date":"October 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 7.7% for the 13 weeks ending September 30, 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\u2026","rel":"","context":"In &quot;Market Commentary&quot;","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":6201,"position":1},"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 &quot;Market Commentary&quot;","block_context":{"text":"Market Commentary","link":"https:\/\/schenkelberg.investments\/?cat=119"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6182,"url":"https:\/\/schenkelberg.investments\/?p=6182","url_meta":{"origin":6201,"position":2},"title":"Market Performance Breakdown &#8211; 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 &quot;Market Commentary&quot;","block_context":{"text":"Market Commentary","link":"https:\/\/schenkelberg.investments\/?cat=119"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6894,"url":"https:\/\/schenkelberg.investments\/?p=6894","url_meta":{"origin":6201,"position":3},"title":"U.S. vs International\/U.S. Sectors","author":"J.J. Schenkelberg, CFA","date":"July 10, 2025","format":false,"excerpt":"Performance Source: Koyfin.com Price Return U.S. Versus International The S&P 500 Index, an index of large U.S. companies, posted a price return of 10.6% for the Second Quarter of 2025. This move brought the index around to an all-time high to end the quarter. Large U.S. stocks underperformed international for\u2026","rel":"","context":"In &quot;Market Commentary&quot;","block_context":{"text":"Market Commentary","link":"https:\/\/schenkelberg.investments\/?cat=119"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/schenkelberg.investments\/wp-content\/uploads\/2025\/07\/image-1.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/schenkelberg.investments\/wp-content\/uploads\/2025\/07\/image-1.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/schenkelberg.investments\/wp-content\/uploads\/2025\/07\/image-1.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":6921,"url":"https:\/\/schenkelberg.investments\/?p=6921","url_meta":{"origin":6201,"position":4},"title":"U.S. Versus International\/U.S. Sectors","author":"J.J. Schenkelberg, CFA","date":"January 5, 2026","format":false,"excerpt":"Performance Source: Koyfin.com Price Return U.S. Versus International The S&P 500 Index, an index of large U.S. companies, posted a price return of 2.8% for the fourth quarter of 2025. Large U.S. stocks underperformed international for the quarter as measured by the iShares MSCI ACWI ex-US Index, a representation of\u2026","rel":"","context":"In &quot;Financial Planning&quot;","block_context":{"text":"Financial Planning","link":"https:\/\/schenkelberg.investments\/?cat=122"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/schenkelberg.investments\/wp-content\/uploads\/2026\/01\/image-4.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":6144,"url":"https:\/\/schenkelberg.investments\/?p=6144","url_meta":{"origin":6201,"position":5},"title":"3Q 2017 Market Performance Breakdown","author":"J.J. Schenkelberg, CFA","date":"October 25, 2017","format":false,"excerpt":"U.S. Versus International The S&P 500, an index of large U.S. companies, posted a total return of 4.5% for the 13 weeks ending September 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 &quot;Market Performance&quot;","block_context":{"text":"Market Performance","link":"https:\/\/schenkelberg.investments\/?cat=123"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=\/wp\/v2\/posts\/6201","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=6201"}],"version-history":[{"count":1,"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=\/wp\/v2\/posts\/6201\/revisions"}],"predecessor-version":[{"id":6202,"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=\/wp\/v2\/posts\/6201\/revisions\/6202"}],"wp:attachment":[{"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}