Monday, August 31, 2015

Market outlook : 31 August 2015

  • August 2015 is the worst month in 3 years

All 10 of the S&P 500's  key sectors lost ground in August, highlighted by the 8% drop in the SPDR Health Care ETF (XLV) and the 7.1% slide in the SPDR Financial ETF (XLF).  Those were the biggest monthly declines for the XLV since February 2009, and for the XFL since May 2012. The best performing sector on the month was telecom, with the iShares U.S. Telecommunications ETF (IYZ), slipping 1.9% in August. Meanwhile, the S&P 500 shed 6.3% in August, the largest one-month percentage decline since May 2012, as 442 of its components, or 88%, lost ground on the month.



Bloomberg Businessweek, Aug. 31, 2015

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