Daily Financial Markets Chart Wrap - Knowledge Leaders Capital

Daily Financial Markets Chart Wrap

September 10, 2015

By Bryce Coward, CFA in Knowledge Leaders, Markets

Highlights:

Equities continued yesterday’s late-day wrought throughout the Asian session and into Europe
- US stocks finished up .5%, but another afternoon selloff erased much of an earlier gain
- Tech was the standout today, followed by Health Care and Industrial as Energy, Telecom, and Utilities brought up the rear
- Energy’s initial bounce off of the 8/25 low is fading fast and now Tech is the best performer since that important date
- Europe was better on the day in USD terms and Japan gave back about a third of yesterday’s moonshot
- EM it was Industrials, Materials and Utilities in the lead with Energy the laggard
- Developed and Emerging Market Knowledge Leaders outperformed again today, as they have consistently done throughout turbulent markets this year
- Over the last year Developed World and Emerging Markets Knowledge Leaders have bettered DM and EM stocks by more than 7% each
- Over the last year, DM stocks are down 6.2% and EM stocks are down 25%
Government benchmark bond yields were again flat to higher on the day with the US 10 year backing up 2bps
Most currencies were higher against the USD with the Euro gaining about .7% from overnight levels
Commodities were flat to higher led by crude

Click here for the full Gavekal Capital Daily Financial Markets Chart Wrap

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