- These past two weeks, both bonds and equities were up as investors cheered central banks’ signals that they are ready to boost monetary stimulus despite fears of trade wars and slower economic growth.
- The S&P 500 Index Fund (VFINX) was the best performer with an advance of 1.76%.
- The worst performer posted a strong absolute gain. Vanguard’s bond fund (VBMFX) rose 1.12%.
- Sectors were all up with a few exceptions.
- The chemicals sector fund (FSCHX) was by far the best performer from the pack, jumping 5.84%, as one of the largest chemicals conglomerates DowDuPont recently finished its three-way breakup.
- At the other end of the spectrum is the telecommunication fund (VTCAX), which declined 1.64%.
- Foreign equities all posted gains although the performance was quite disparate.
- Latin America equities fund (RLAIX) advanced nearly 6% for the past two weeks as the markets cheered a Mexico deal with the U.S. on immigrants, aimed at avoiding tariffs.
- Meanwhile, Japanese equities fund (HJPNX) recorded the smallest gain, up just 0.26%.
Major Asset Classes
- In asset classes, the picture was decidedly more mixed.
- Commodities fund (DXCTX) declined 2.45% and was the only loser along with managed futures fund (EVONX).
- Pimco’s long-term bonds fund (PEDIX) was again the best performer with an advance of 4.29%.
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The Bottom Line
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