tadamichi
Originally published on August 12, 2024
It’s been a rough ride in recent weeks, but trend data still leaves room for debate on the prospects for maintaining bullish bets. Using a set of ETFs shows that most of the
Despite Recent Market Volatility, Most Markets Are Still Up In 2024
Summary
- Using a set of ETFs shows that most of the major asset classes in 2024 through Friday’s close (Aug. 9) are posting gains.
- The US stock market continues to hold the top spot for year-to-date results, based on SPDR S&P 500 (SPY), which is up nearly 13%. The worst performer is inflation-indexed government bonds ex-US (WIP).
- The overall trend for a globally diversified portfolio remains comfortably positive this year.
James Picerno is the director of analytics at The Milwaukee Co., a wealth manager that is the adviser to The Brinsmere Funds, a pair of global asset allocation ETFs. He also edits CapitalSpectator.com and The US Business Cycle Research Report (CapitalSpectator.com/premium-research). He is the author of three books, including "Quantitative Investment Portfolio Analytics In R: An Introduction To R For Modeling Portfolio Risk and Return." Previously he was a financial journalist at Bloomberg and before that at Dow Jones.