July Market Performance – Summary
The bull market continued in July 2018. The S&P 500 Index of U.S. large cap equities returned a strong 3.69%, while gold dropped -2.3%. The MSCI EAFE Index of international developed market equities also posted a healthy return of 2.5%. Emerging market equities, in the MSCI Emerging Markets Index, performed well too, returning 2.2% for the month.
Likewise in corporate bond markets, U.S. high yield bonds outperformed investment grade bonds, with the iBoxx Liquid High Yield Index gaining 1.2% while Barclays Aggregate of U.S. investment grade bonds was flat about 0.0%. International high yield bonds in the Markit Global ex-U.S. High Yield Index returned 1.7%, while the Citi Investment Grade Non-$ Corporate Index returned 0.2%.
REITs in the U.S. returned 0.7% (MSCI REIT) and Foreign REITs 1.1% (S&P Global Ex-U.S. REIT).
Oil dropped -7.3% and gold -2.3%. Commodities in the Bloomberg Commodities Index dropped 2.1%.
In the last week of the month, 2Q GDP numbers came higher than we’ve seen in almost four years: the U.S. GDP grew 4.1% in the second quarter.
Many thanks to James Picerno for the index return round-up.
In the context of July’s bull market, take a look at the returns on the iBillionaire platform.
Up first: The July performance of iBillionaire’s hedge fund manager strategies, ranked from best to worst.
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The July performance of select individual stocks (and a bitcoin and ethereum proxy) which are on iBillionaire’s investment platform.
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The 10 best performing strategies in July out of iBillionaire’s topic and trend strategies.
Top 10 Strategies
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See the full list of July 2018 returns by clicking HERE.