Ned Davis research devices markets in eight large asset classes and no more than 5% of this year's reviews.
Market statistics are pouncing on each other in 2018 to describe the pain felt in all asset classes. A respectable signature expresses this the way: things are not so bad since Richard Nixon's presidency.
Ned Davis research devices markets in eight large asset classes, from United States and international bonds and stocks to commodities. And no single incident was to save more than 5% this year, a phenomenon was observed for the last time in 1972, according to Ed Clissold, a strategist in the company.
In terms of losses, investors have experienced somewhat worse. But guided by the range of assets that fails to offer benefits, 2018 is beginning to look historic.
Nothing works, not the high or low capitalization stock in the US. No, neither the international or emerging Stocks, nor the Treasury bonds, nor the investment grade bonds, nor the raw materials or the real estate. Most of them register losses and those who do not, are doing so with a profit of less than 5%.
There is something unique in the story. Normally when one sector falls, another rises. In the 2008 financial catastrophe, treasuries were recovered. In 1974, commodities were a bright spot. In 2002, they are the reits. In 2018, there is no sector to go to. Clissold has a villain: the end of the central bank stimulus.
"There was concern in the markets about how asset prices will affect the elimination of ultra-flexible monetary policies," Clissold, Major US. It. Strategist at NED Davis research, said in a note published last week.
During the onset of turbulence in the market, "somewhere there was a bull market."
The Federal Reserve has risen 8 times since 2015, and polemakers in Europe and Japan are slowly reducing their academic programs. That, along with the concern for global growth, has damaged the confidence of investors in all sectors.
The week, optimism about a temporary truce in the trade war between the United States. It. And China was short-lived, like concerns from brexit to a flattening of the yield curve and a slowdown in global growth. On Tuesday, the S & P 500 index registered its fifth fall of more than 3% this year.
In general, the S & P 500 index has risen to 1% in the year and the US dollar. It. Investment grade debt has lost 1.6%. Shares of developing countries have fallen by 12%, while the total US dollar. It. Treasury yield index. Long-term Bloomberg Barclays has fallen by 6.4%.