Daily Financial Markets Chart Wrap - Knowledge Leaders Capital

Daily Financial Markets Chart Wrap

September 11, 2015

By Bryce Coward, CFA in Knowledge Leaders, Markets

Highlights:

Equities were again mixed on the day with Asia and the North America up and Europe down a bit
- US stocks finished up .5% as a small mid-day selloff was erased in the afternoon with stocks finishing on the highs
- Health Care, Tech and Consumer Discretionary led stocks higher on the day with Energy, Telecom and Materials the only sectors to finish in the red
- Energy’s initial bounce off of the 8/25 low is fading fast and has now been overtaken by both Tech and Consumer Discretionary
  - As such, it’s looking more and more like the strength in Energy off of the 8/25 low was driven by short covering
- EMs were basically flat on the day in aggregate with Tech and Telecom leading the way with Energy and Materials the obvious laggards
- EM Knowledge Leaders picked up another few basis points of outperformance while DM Knowledge Leaders finished in line with world stocks
- 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 6.4% and EM stocks are down 25%
- The VIX sold off a modest 3.4% and remains above the important 20 level
Government benchmark bond yields were moderately lower on the day with the US 10 year dropping 4bps and the 30 year dropping 3bps
The euro and yen were both stronger with the euro rising about 40bps vs the dollar on expectations of a later date for the first Fed hike
In commodities, WTI was the laggard, dropping 2.5% even as copper was up .5% on the day

New in the report today:

Larger sector and country charts
VIX performance

Gavekal Capital Daily Financial Markets Chart Wrap

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