Current Market Returns

Markets are anywhere from 3-5% off their highs. With that in mind note these returns year to date via ETFs. This comes to us from the twitter feed of Charlie Bilello.

Bittcoin BTC: +116%

Oil USO: +33%

MLPs AMLP: +18%

REITs VNQ: +18%

Nasdaq 100 QQQ: +17%

Small Caps IWM: +14%

S&P 500 SPY: +14%

EAFE EFA: +9%

Commodities DBC: +9%

High Yield HYG: +7%

Investment Grade LQD: +7%

EM EEM: +5%

Bonds AGG: +3%

Gold GLD: +1%

If 2019 ended today we'd generally have a fantastic year for market returns. If prices are at these same levels by December 31st you'd have to take on about 1% for dividends and you'd still have to be happy with your performance in 2019. If you give back another 5-7% in price before heading higher then you'd still be close to double-digit returns this year. A diversified portfolio of the above investments but leaving out oil and Bittcoin would have returned you slightly under 11% for the year.

Shows you how far we've come. Shows you that a period of consolidation is probably necessary. The pundits say it's all about China and I largely agree with that right now. However, if the Chinese issues went away we'd probably be worrying about something else right now and perhaps consolidating in the same way. We've come pretty far in a short period of time and that sort of advance usually breeds a countertrend of some sort.

Back Friday.

*Long representative ETFs of the following indices in both client and personal accounts:  VNQ ,QQQ, IWM, SPY EFA, EEM, GLD  We reserve the right to change any of these investments without notice on this blog or via any other form of verbal, written or electronic communication.  Please note that not all accounts necessarily own all the investments listed above.