STOCK INDEX PERFORMANCE
Index Week YTD 12-mo. 2007 5-yr.
DOW JONES 30 (11734) 3.71% -10.18% -11.92% 8.88% 7.44%
S&P 500 (1296) 2.93% -10.60% -11.64% 5.49% 7.79%
NASDAQ 100 (1926) 5.49% -7.35% -2.58% 19.24% 10.23%
S&P 500/Citigroup Growth 2.86% -8.66% -7.26% 9.25% 6.69%
S&P 500/Citigroup Value 3.00% -12.67% -15.98% 2.03% 8.86%
S&P MidCap 400/Citigroup Growth 0.92% -3.75% -2.52% 13.55% 11.52%
S&P MidCap 400/Citigroup Value 2.38% -4.80% -7.58% 2.84% 13.09%
S&P SmallCap600/Citigroup Growth 3.47% -1.18% -4.48% 5.66% 12.93%
S&P SmallCap600/Citigroup Value 3.79% -1.93% -7.19% -5.19% 12.26%
MSCI EAFE -1.19% -15.77% -14.36% 11.76% 15.46%
MSCI World (ex US) -1.52% -15.20% -13.33% 13.04% 15.96%
MSCI World 0.50% -12.89% -12.23% 9.69% 11.69%
MSCI Emerging Markets -3.82% -19.31% -7.31% 39.23% 25.78%
Returns are total returns. The 5-yr. return is an average annual.
One-week,YTD, 12-mo. and 5-yr. performance returns calculated through 08/08/08.
S&P SECTOR PERFORMANCE
Index Week YTD 12-mo. 2007 5-yr.
Consumer Discretionary 7.73% -6.55% -17.46% -13.21% 3.28%
Consumer Staples 4.23% -0.25% 5.82% 14.36% 9.88%
Energy -3.98% -10.36% 1.31% 34.41% 24.65%
Financials 1.10% -23.39% -34.77% -18.52% -0.19%
Health Care 5.29% -4.29% -2.52% 7.32% 4.90%
Industrials 4.41% -8.81% -10.29% 12.04% 10.57%
Information Technology 6.06% -9.54% -6.00% 16.30% 7.93%
Materials -1.94% -7.16% -1.72% 22.53% 14.58%
Telecom Services 2.38% -20.98% -22.66% 11.88% 8.56%
Utilities 1.18% -10.72% -4.58% 19.38% 16.58%
Returns are total returns. The 5-yr. return is an average annual.
One-week,YTD, 12-mo. and 5-yr. performance returns calculated through 08/08/08.
BOND INDEX PERFORMANCE
Index Week YTD 12-mo. 2007 5-yr.
U.S. Treasury: Intermediate 0.11% 3.18% 9.35% 8.83% 4.07%
GNMA 30 Year -0.18% 1.68% 6.64% 6.97% 4.61%
U.S. Aggregate -0.03% 1.10% 6.31% 6.97% 4.33%
U.S. Corporate High Yield 0.14% -2.96% -1.59% 1.88% 6.99%
U.S. Corporate Investment Grade 0.25% -1.13% 2.65% 4.56% 3.73%
Municipal Bond: Long Bond (22+) 0.10% -2.92% -1.01% 0.46% 4.59%
Global Aggregate -1.50% 2.11% 8.92% 9.48% 5.97%
Returns include reinvested interest.The 5-yr.return is an average annual.
One-week,YTD, 12-mo. and 5-yr. performance returns calculated through 08/08/08.
KEY RATES
As of 08/08
Fed Funds 2.00% 5-YR CD 4.17%
LIBOR (1-month) 2.46% 2-YR Note 2.49%
CPI - Headline 5.00% 5-YR Note 3.19%
CPI - Core 2.40% 10-YR T-Bond 3.93%
Money Market Accts. 2.44% 30-YR T-Bond 4.53%
Money Market Funds 1.86% 30-YR Mortgage 6.39%
6-mo. CD 3.13% Prime Rate 5.00%
1-YR CD 3.61% Bond Buyer 40 5.32%
WEEKLY FUND FLOWS
Week of 08/06 Previous
Equity Funds $4.7 B $2.7 B
Including ETF activity, Domestic funds reporting net inflows of
$4.847 B and Non-domestic funds reporting net outflows of -$126 M.
Bond Funds $821 M -$7.0 M
Municipal Bond Funds $375 M $255 M
Money Markets $32.021 B -$8.816 B
Total net assets (Money Markets) rise to the highest level on record, 3.473 T,
having risen by over $1 T since May, 2007.
FACTOIDS FOR THE WEEK OF AUGUST 4TH - AUGUST 8TH
Monday, August 4, 2008
In July, the dividend-payers (384) in the S&P 500 (equal weight) posted a
total return of -0.56%, vs. -0.21% for the non-payers (116), according to
Standard & Poor's. Year-to-date, the payers declined 11.88%, vs. a loss of
11.46% for the non-payers. For the 12-month period ended July '08, payers
fell 14.14%, vs. a decline of 16.16% for the non-payers. The number of
dividend increases (S&P 500) year-to-date totaled 181. That lagged the 193
increases over the same period in 2007 and 200 increases registered in
2006. The dividend yield on the index stood at 2.26% at the end of July.
Tuesday, August 5, 2008
The high price of gasoline has inspired more companies to ship by rail. While
the average price of a gallon of gas for most drivers fell to $3.88 yesterday,
the average price of diesel fuel used by truckers was $4.53 a gallon,
according to eTrucker.com. Today, locomotives get 80% more mileage/gallon
than they did 30 years ago, according to Barron’s. The high price of oil has
boosted coal shipments, which account for 45% of total U.S. tonnage. Rail
shipments also stand to grow once the housing market rebounds and the
demand for timber rises. All in all, the U.S. Chamber of Commerce estimates
that freight railroad usage will expand by 88% over the next 25 years.
Wednesday, August 6, 2008
The rent-to-price ratio is a metric used to determine whether it makes more
fiscal sense to rent than to own a home. From 1960-1995, the rent-to-price
ratio averaged 5.29%, according to economists Morris Davis, Andreas
Lehnert and Robert Martin. From 1995-2006, the ratio dropped to an all-time
low of 3.50% due to the surge in housing prices. The decline in home values
over the past two years pushed the ratio up to 3.93% as of Q1’08. For the
ratio to trend back near its historical average home prices would need to fall
another 10%, according to BusinessWeek.
Thursday, August 7, 2008
Hedge Fund Research (HFR) reported that hedge fund managers posted
their worst first-half performance since 1990 due to the credit crunch,
according to MarketWatch.com. HFR’s hedge fund index fell 0.75% in the
first six months of 2008. This is the first time in 18 years hedge funds have
not posted a gain in the first half of a calendar year. Inflows to hedge funds
totaled just $29 billion in the first half of 2008, down from $118 billion for the
same period last year.
Friday, August 8, 2008
Domestic equity funds have topped international equity funds in six of the
past nine months – the best run since an 8 out of 10 month stretch beginning
in August 2002, according to Lipper and MarketWatch.com. Lipper cited
slower global economic growth and higher inflation for the downturn in the
performance of foreign stock funds. In 2006, the top 10 performing equity
funds were all international. In 2007, that number dropped to 8. Today, there
are no international equity funds in the top 10.
The above was gathered by and posted from
FIRST TRUST ADVISORS L.P. • APPROVED FOR PUBLIC USE • 08/11/08
Web link to this and all previous weekly information is
here
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