FYI: In the stock-market olympics, Americans won the medals this time.
U.S.-focused stocks, and the mutual funds and exchange-traded funds that invest in them, pulled away from the rest of the world in August. At a time when trade disputes were rattling many global investors, leading to a retreat in stock markets outside the U.S., the continued strength in U.S. corporate earnings and upbeat economic data benefited U.S. markets.
The result was that the average U.S.-stock fund registered a total return of 3.1% for August, according to Thomson Reuters Lipper data. These U.S.-focused funds are now up 9.3% for the year to date after having risen 18.3% for all of 2017.
Regards,
Ted
https://www.wsj.com/articles/u-s-stock-funds-rose-3-1-in-august-adding-to-their-global-lead-1536545280?mod=article_inline
