Market bulls will be sad to see July come to an end after the performance that stocks saw during the month. Below is a look at the July performance of various asset classes using our key ETF matrix.
As shown, the S&P 500 (SPY) was up 5.17% in July, which was better than the Dow (+4.23%) yet weaker than the Nasdaq 100 (+6.31%). Smallcaps (IJR) and midcaps (IJH) both outperformed largecaps with gains of more than 6.5% during the month.
Looking at sectors, Telecom (IYZ) and Health Care (XLV) saw the biggest gains in July, while Technology (XLK), Consumer Staples (XLP) and Utilities (XLU) gained the least. For the year, Health Care (XLV), Financials (XLF) and Consumer Discretionary (XLY) are up the most at more than 25%. The Materials (XLB) sector is up the least so far in 2013 with a gain of 7.83%. It's never a bad thing when the worst performing sector for the year is up 7.83%!
Stock performance outside of the US was very mixed in July. Europe did really well, while emerging markets like India (INP) and Brazil (EWZ) posted declines. With five months remaining in 2013, there are quite a few countries that have a lot of work to do to get into the green for the year.
On the commodities front, everything but the natural gas ETF (UNG) was up in July. Oil (USO) was up the most at +9.30%, but gold (GLD) was not far behind with a gain of 7.43%. Finally, long-term Treasuries declined in July, while the aggregate bond ETF (AGG) posted a small gain of 0.08%.
All in all, July was a great month for equities. If August is half as good, investors will still be happy.