FYI: Overruling the historical trend, the U.S. market has put up a good show so far in the month of August. In fact, a consensus carried out from 1950 to 2017 shows that August has offered positive stock returns in 37 years and negative in 31, per moneychimp.com, the average negative return being 0.27%.
But three key ETFs, SPDR S&P 500 ETF SPY, SPDR Dow Jones Industrial Average ETF DIA and Invesco QQQ Trust QQQ added 2.2%, 1.4% and 2.7% in the past month (as of Aug 24). The funds started August on a decent note, nosedived in mid-August only to spring back later in the month.
A key finding was the revival of the small-cap segment in August with iShares Russell 2000 ETF IWM adding about 3.8% past month. Despite a weaker dollar, small caps surprisingly bounced back from mid-August with the Russell 2000 currently trading at a record high (read: Play These Leveraged ETFs as Market Rally Continues).
Regards,
Ted
https://finance.yahoo.com/news/small-caps-rule-august-top-160004463.html
