Volatility has been the word of the month, and though last week saw much of it, the market ended overall much further to the downside.
For the week, only 5 of 26 categories ended up, with only short and convertible funds ending the week up more than 1%. Of the 21 categories that were down, 17 were down more than 1%, 15 were down more than 2%, 9 were down more than 3%, and 4 were down more than 5%.
For the month now, only short funds are up, with the remaining funds down on average 8.5%.
As far as the week's correlations go, other than short funds, only commodity, municipal, and infrastructure funds had S&P correlations below 50%.